Uncover how to transform mortgage lending processes and enhance the customer experience by conquering the top 3 challenges keeping your processors from focusing on the tasks that drive business.

1. VERIFICATION SERVICES
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Choose Equifax Verification Services for ALL of your third-party
employment and income verifications (instant and manual), and
let your processors focus on the other tasks at hand. Leveraging
Equifax not only ensures a consistent verification process
for every loan, but there is also potential for significant savings.
Employment/Income Verification Cost Comparison
Based on assumed 30k annual loans.
Contact an Equifax representative today
to receive your customized ROI calculation.
insight.equifax.com/mortgage-infographic
profitable
MORTGAGE lending 1. Application Misrepresentation
Buried with multiple concurrent tasks, critical
employment and income defects may be missed,
which could be putting you at risk – and negatively
affecting your bottom line.
Communicate
with applicant
Appraisal
review
Fraud and unethical
practices prevention
Comply with
regulations
Review
loan application
Task scheduling
Final analysis
2. Loan processors
Instead of going through the home mortgage
process again, people would prefer:
23%
Gain 10 lbs
12%
24hrs with the person
you most dislike
7%
Root canal
7%
Night in prison
* Survey of 1,000 adults, conducted by Guaranteed Rate Mortgage
3. customer experience
Turn to the experts
contact us today
No employment
record
Death Self-employed
RetiredIncome
Income is the
2nd largest
type of applicant
misrepresentation
reported by
Fannie Mae.
Types of reported misrepresentation found
on loan applications:
$100k
$200k
$300k
$400k
$500k
$600k
Internal Staff 3rd Party Equifax
$
570k Save
$
210k
Save
$
400k
(Administrative savings) (Administrative savings
plus Risk Mitigation)
TOP 3 CHALLENGES TO