Equifax announced additional service enhancements to its comprehensive portfolio of verification solutions available to the mortgage industry. These new options are powered by The Work Number®. Lenders can now request All Employers Within 60 Months™ to pull the prior five years' of employment and income data available on The Work Number database.

This helps create a more informed, expanded view of a potential borrower, particularly in complex underwriting situations. In addition, lenders can now choose Mortgage Select All™ for verification of employment or income, which provides a complete view of all data available in The Work Number for an applicant at a single, fulfillment-based price point. By leveraging All Employers Within 60 Months, lenders can gain a broader context for considering ability to pay and debt-to-income (DTI) ratio.

One additional enhancement that lenders can now access is verification of employment (VOE) options with the same date filters that were previously only available for verification of income (VOI) orders. That includes options for All Employers Within 12 MonthsTM, All Employers Within 24 MonthsTM, and All Employers Within 36 MonthsTM. This is a further example of Equifax's commitment to provide mortgage customers with the richest data and solution configurations to meet their specific needs.

Verifications through The Work Number allow credentialed lenders with permissible purpose to quickly and securely tap into the centralized commercial repository of income and employment information in the United States, with more than 125 million active records and 500 million total records.