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Three of Top Five Lenders Select The Work Number’s Point In Time™

DALLAS Feb. 22, 2011 The Work Number® MBA’s National Mortgage Servicing Conference & Expo September 2010

Janet Ford


Ford added, "In 2011, financial institutions will give priority to loan modifications, foreclosures and repurchases as indicated by strong initiatives announced since the start of the year. To respond to the growing repurchase problem, institutions like Bank of America are even establishing company units dedicated to servicing defaulted loans."

In a recent announcement issued by Bank of America, the bank’s newly formed Legacy Asset Servicing unit will manage the bank’s mortgage modification and foreclosure programs. As institutions make this a higher priority, services like Point In Time will become increasingly necessary to help lenders quickly and cost-effectively investigate their loans.

Dann Adams $13 billion

About The Work Number

The Work Number, a service of Equifax, is the largest source for employer direct, and up-to-date, employment and income verifications. The service offers access to over 200 million records instantly and will manually complete remaining employment and income verification requests within days. Additionally, The Work Number offers IncomeChek, a 4506-T tax transcript fulfillment service, and DirectChek, an SSA identity assessment and authentication service. All of these tools provide more authentic, complete information to help in servicing, underwriting, fraud prevention, loan modifications and repurchase.

About Equifax

Equifax empowers businesses and consumers with information they can trust. A global leader in information solutions, we leverage one of the largest sources of consumer and commercial data, along with advanced analytics and proprietary technology, to create customized insights that enrich both the performance of businesses and the lives of consumers.

With a strong heritage of innovation and leadership, Equifax continuously delivers innovative solutions with the highest integrity and reliability.  Businesses – large and small – rely on us for consumer and business credit intelligence, portfolio management, fraud detection, decisioning technology, marketing tools, and much more.  We empower individual consumers to manage their personal credit information, protect their identity, and maximize their financial well being.

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SOURCE Equifax

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