Business
Equifax Introduces Income Qualify to Deliver Insights Earlier in the Mortgage Lending Process and Help Lenders Manage Costs
Equifax® (NYSE: EFX) today announced the launch of Income Qualify, a new product that delivers income and employment insights from The Work Number® to mortgage lenders during the prequalification and pre-approval phase as a value add alongside the Equifax consumer credit file.
About this update from Equifax, Inc.
[{"type":"text","content":"New Offering Delivers Income and Employment Insights from The Work Number®","length":74,"tagName":"p","attribs":{}},{"type":"text","content":"ATLANTA, Dec. 10, 2025 /PRNewswire/ -- Equifax® (NYSE: EFX) today announced the launch of Income Qualify, a new product that delivers income and employment insights from The Work Number® to mortgage lenders during the prequalification and pre-approval phase as a value add alongside the Equifax consumer credit file.","length":321,"tagName":"p"},{"type":"image","alt":"EFX logo","displaySize":"","headline":null,"caption":"EFX logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":75,"url":"https://media.zenfs.com/en/prnewswire.com/bb4651d6cacbdff7475ec36c4b336df8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/uO8xf6Skqvs3.ER819oUfQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEzMjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/bb4651d6cacbdff7475ec36c4b336df8","width":400,"height":75}},"href":"https://mma.prnewswire.com/media/448516/Equifax_jpg_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Currently lenders are limited in their ability to confidently make prequalification offers. Income Qualify provides verified income and employment data earlier in the process, empowering mortgage lenders to conduct an initial assessment faster and with less burden on the borrower. This helps reduce risk in the lending process and supports affordability in the home buying process.","length":382,"tagName":"p"},{"type":"text","content":""Mortgage lenders are facing increased competition for qualified buyers. They need to be able to assess borrower eligibility and make critical lending decisions more quickly while also managing costs," said Joel Rickman, General Manager and Senior Vice President of U.S. Mortgage and Verification Services at Equifax. "By delivering key income and employment data alongside our trusted credit report at the prequalification stage, Equifax is helping lenders act faster, support affordability, and move the borrower forward in the process with more confidence."","length":580,"tagName":"p"},{"type":"text","content":"Home ownership is an important goal for many U.S. consumers and can help build wealth that can last for generations. Equifax is committed to making home ownership more affordable and...