equifax inc (EFX) Key Developments
Defi Solutions Leverage Equifax Inc. for Income and Employment Verifications
Sep 15 14
Equifax Inc. announced that defi SOLUTIONS is now offering its automotive lender clients access to income and employment verifications through The Work Number(R) using defi SOLUTIONS' cloud-based loan origination system. The Work Number is a proprietary database of employment and income information owned by Workforce Solutions, a business unit of Equifax. By leveraging The Work Number database of more than 245 million employer-direct payroll records, of which more than 58 million are active,defi SOLUTIONS' lender clients gain a competitive edge in the marketplace through access to unique income and employment data that is updated with each pay period. This enables lenders to more effectively reduce risk and mitigate fraud, as well as better refine risk level assignment and reduce stipulations to accurately reflect applicants' true credit-worthiness.
Equifax Inc. Presents at Barclays 2014 Global Financial Services Conference, Sep-08-2014 01:15 PM
Sep 5 14
Equifax Inc. Presents at Barclays 2014 Global Financial Services Conference, Sep-08-2014 01:15 PM. Venue: Hilton Midtown, 1335 Avenue of the Americas, New York, New York, United States. Speakers: Jeffrey L. Dodge, Senior Vice President of Investor Relations.
D+H Teams With Equifax to Provide Real-Time Credit Information of Prospective Borrowers
Aug 20 14
Equifax Inc. announced that Credit*Hi-Lite(TM), its tri-merge consumer credit report, is now integrated with D+H's LaserPro(R), the compliant lending and documentation solution. Integrating Credit*Hi-Lite(TM) with the LaserPro Consumer Origination & Processing and Mortgage Origination & Processing modules enables mortgage loan originators (MLOs) to optimize their sales workflow, provide borrowers with immediate eligibility feedback, and present loan options that are appropriate for the borrower. Upon request, lenders using the LaserPro Consumer and Mortgage Origination & Processing modules are able to access tri-merged credit reports directly from within their LaserPro transactions. This capability automatically populates liability, credit score and key factor data into LaserPro which further streamlines data entry tasks. Applications are automatically populated with credit report liability data so that lenders can quickly determine an applicant's ability to repay. In addition, credit scores and related key factors populate Credit Score Disclosures, Risk-Based Pricing and Adverse Action Notices and Credit Approval Worksheets in LaserPro.
Equifax Inc. Declares Quarterly Dividend, Payable on September 15, 2014
Aug 8 14
Equifax Inc. announced that the Equifax board of directors declared a quarterly dividend of $0.25 per share, payable on September 15, 2014, to shareholders of record as of the close of business on August 22, 2014.
Equifax and iovation Sign Distribution Agreement for Central America Region
Jul 30 14
Equifax has signed an agreement with iovation to distribute iovation products in Central America. With this strategic partnership, Equifax expands its value-added solution portfolio and iovation strengthens its operations through a local partner, providing customers with an edge solution for fraud prevention. According to recent research, fraud in Latin America exceeds $430 million each year (a $234 million annual increase). Banks lose an average of $50 million per year from theft, and an additional $50 million from illegal activities such as phishing. This trend is especially worrisome considering the added fraud exposure associated with the rise in use of mobile devices such as smart phones, iPads and other tablets in electronic commerce and mobile banking. For these reasons, Equifax continues its innovation by signing this important agreement with iovation to provide a top-level solution, protecting electronic channels against fraud loss, improving profitability and enhancing the consumer's experience.