The Work Number has released two new automated verification solutions for lenders and servicers.
AuditChek enables lenders to computerize the direct retrieval and authentication of executed tax transcripts, Social Security Administration identity verification or proof of employment and income using The Work Number, and to make that information available throughout the loan life cycle (or within a broker network).
AccountChek was developed to automate the process of deposit and asset verification, providing an electronic confirmation of a borrower's account balance and analysis of transaction history without the direct manual interaction of the borrower's banking or other financial institution.
SOURCE: The Work Number
