Tag: employment verification

  Experian Verify is redefining how lenders streamline income and employment verification; a value clearly reflected in Marcus Bontrager’s experience at Freedom Mortgage. With access to the second-largest instant payroll network in the U.S., Experian Verify connects lenders to millions of unique employer records, including those sourced through Experian Employer Services clients, delivering instant results at scale. This reach enables lenders to reduce manual processes, accelerate loan decisions, and enhance the borrower experience from the very first touchpoint. Unlike traditional verification providers, Experian Verify offers transparent, value-driven pricing: it charges only when a consumer is successfully verified, not simply when an employer record is found. As lenders navigate increasing compliance requirements and secondary market expectations, they can also rely on Experian Verify’s FCRA-compliant framework, fully supporting both Fannie Mae and Freddie Mac. Combined with Experian’s industry-leading data governance and quality standards, lenders gain a verification partner they can trust for accuracy, security, and long-term operational efficiency. Perhaps most importantly, Experian Verify delivers 100% U.S. workforce coverage through its flexible, automated waterfall: instant verification, consumer-permissioned verification, and research verification. This multilayered approach ensures lenders meet every borrower where they are, whether they’re connected to a large payroll provider, a smaller employer, or require additional document-based validation. As Marcus highlights in the video, this comprehensive and configurable design empowers lenders to build verification workflows that truly fit their business needs while enhancing speed, completeness, and borrower satisfaction. Explore Experian Verify

Learn about the misconceptions of income and employment verifications and what lenders can do to improve their strategies.

Learn how an innovative income and employment verification solution like Experian Verify can help propel your business forward.

Property managers must leverage a solution that provides accurate, efficient, and compliant income and employment verification.

In this blog post, we explore the empowering impact of income and employment verification on financial institutions.

With automated income verification, lenders can approve more applicants quickly and provide exceptional digital experiences. Learn more!

The rise of remote work has significantly increased the prevalence of employment fraud. Learn how to safeguard your organization.

Here's why you should implement automated income and employment verification to meet renters where they are. Read more!

Explore the advantages of using both instant and permissioned verification and how they can synergistically enhance coveragea and reduce costs.

Dive into the differences between instant, permissioned, and manual income and employment verification, and their benefits, and drawbacks. Read more!

During their redeterminations process stats should look for efficiency and a risk-based approach to ensure compliance during the unwinding process.

With the right technologies and solutions, rental housing operators can manage risk and create better experiences for prospective renters.

Earlier this year, I explored the potential impact of the end of the current Public Health Emergency (PHE). The U.S. federal government has been operating under a PHE for COVID-19 for more than 30 consecutive months since it was initially announced in January 2020. On July 15, 2022, this PHE was renewed for a tenth time. Following this latest extension, the Centers for Medicare & Medicaid Services (CMS) has released a roadmap for the end of the COVID-19 PHE. In a related blog, they reiterate the commitment to provide a 60-day notice prior to the end of the PHE, but urge states and healthcare providers to prepare for the end “as soon as possible.” With these upcoming changes in mind, I wanted to review key areas for providers to consider as they prepare for the end of the PHE. Enrollments continue to increase, putting state budgets at risk From the start of the PHE in February 2020 through April 2022, Medicaid/Children’s Health Insurance Plan (CHIP) enrollment has increased by more than 17M people and this is affecting every state. Nearly half of all states have experienced an increase of more than 25% during this time period, with some experiencing increases of more than 40%. Given an average Medicaid cost to states of more than $8.4K per capita, that translates to an increase of billions of dollars. Once the PHE expires, states will have 12 months to redetermine eligibility for continued enrollment in the program, or risk bearing 100% of the associated cost. Preparing for the end of the PHE To avoid unnecessary expenditures and ensure that citizens are receiving access to the correct services, states will have to conduct a holistic review of their Medicaid rolls to confirm eligibility. In CMS’s guidance for states to prepare for the end of the PHE, they recommend creating an automated process to handle this unprecedented review. With the right partner, agencies can perform redeterminations of their existing registration rolls, and prepare for future services requests. The right solution can allow citizens to easily apply for benefits, triggering the automatic, real-time pull of income and employment information so that the agency can verify eligibility. Experian is a trusted government partner that is ready to assist states with preparing and automating the process for redetermination of benefits. To learn more about how Experian can assist with citizen benefit redetermination and registration efforts, visit us or request a call. Learn more

Income and employment verification processes must be able to meet the demands of today's digital consumer. Learn how you can get it right.

Discover the dos and don’ts when it comes to implementing a successful strategy for income and employment verification for mortgage. Read more!