Equifax introduced The Work Number Record Indicator for auto and personal loans, integrating income and employment confirmation signals with its consumer credit report at the beginning of the application process. This offering marks an expansion of Equifax’s multi-data solutions in the digital lending market.

The solution returns an immediate indicator of income and employment verification availability, enabling lenders to automate eligible applications through a paperless path and isolate those needing manual documentation. This segmentation capability aims to reduce processing time and operational costs.

Borrowers with available VOIE records can expect faster, right-sized loan offers and quicker approvals, lowering friction in digital applications. The streamlined verification process enhances user experience by minimizing manual document submissions.