Equifax Verification Services leverages The Work Number database to deliver critical information for instant stipulation clearance or on-the-spot financing decisions. Dealers now have online access via CBC's eCredit Complete software interface to more than 100 million consumers' employment and income records, contributed by more than 700,000 employers.
Online access to employment and income verification data enables you to evaluate consumers on more than a credit score alone, and lend to a wider range of applicants with confidence.
Verification of employment and income efficiently mitigates risk and helps safeguard the dealers and lenders from financial losses. Actionable, verifiable data is provided online electronically to verify information provided by a customer that has been flagged as a stipulation for lender approval. This allows the loan application process to be finished in one meeting and the car sale to be booked with confidence.