Equifax Automates US Income Checks Across 3.5 Million Employer Records
Updated
Updated · AD HOC NEWS · Jul 19
Equifax Automates US Income Checks Across 3.5 Million Employer Records
3 articles · Updated · AD HOC NEWS · Jul 19
Summary
Equifax’s Work Number lets lenders, landlords and government agencies verify US employment and income in seconds by querying payroll data instead of collecting pay stubs or calling HR.
More than 3.5 million employer records and payroll feeds power the system, returning details such as employer name, job title, start date and year-to-date earnings under Fair Credit Reporting Act rules.
Mortgage lenders are among the heaviest users because automated checks can cut loan-verification delays from days to minutes, while agencies use the data to confirm benefit eligibility and curb fraud.
Workforce Solutions, which includes Work Number, has become a growth engine for Equifax as API links into cloud HR systems reduce manual work and help defend its position against smaller rivals.
Privacy concerns still shadow the business after Equifax’s 2017 cyber incident, with advocates warning many workers may not realize their payroll data sits in a widely used verification database.