Equifax Boosts Lender Confidence, Introduces Spectrum™ Verification Services Platform at MBA Annual 2012

 Equifax Boosts Lender Confidence, Introduces Spectrum™ Verification Services
                         Platform at MBA Annual 2012

PR Newswire

ATLANTA, Oct. 22, 2012

ATLANTA, Oct. 22, 2012 /PRNewswire/ --Equifax announced today at the 2012
Mortgage Bankers Association Annual Convention & Expo the availability of its
Spectrum™ Verification Services Platform, which strengthens lender confidence
by streamlining the verification processes through underwriting, QA and
closing.

(Logo: http://photos.prnewswire.com/prnh/20060224/CLF037LOGO )

Equifax developed Spectrum to help lenders gain efficiencies and improve
overall loan quality production, which helps mitigate loan repurchase risk.
Fully automated, Spectrum rapidly delivers loan-level verifications by
combining unique data assets with integrated workflow processes to reduce
fraud, improve overall loan quality and cycle times, avoid capacity issues,
and reduce costs. Spectrum also provides real-time access with intuitive
ordering and tracking screens to efficiently deliver the most current and
accurate data.

Verification services currently offered through Spectrum include: employment
and payroll income via The Work Number®—Equifax's proprietary database of over
210 million employer-direct payroll records, IRS tax transcripts (4056-T),
identity and social security number authentication, verification of deposits,
and verification of hazard insurance coverage. Spectrum enables the lender to
order a full array of verification reports through a single, intuitive web
interface, or through direct system integration. A system-driven workflow
assembles the verifications using both database content and information
collected and audited manually by trained verification specialists. For
several clients, Spectrum has demonstrated clear efficiency gains and cost
savings over in-house processing.

Additionally, Spectrum features Undisclosed Debt Monitoring™ (UDM), which is
the mortgage industry's only service that continuously monitors and
distributes daily alerts of new loan applicant activity initiated during the
pre-funding stage of a loan. UDM reduces risk and protects lenders from
repurchase demands and unsalable loans related to inaccurately reported
debt-to-income ratios.

"Mitigating loan repurchase risk is a significant issue for lenders today,"
said Michael Kuentz, senior vice president of Equifax Verification Services.
"Through the level of transparency into borrower financial health that
Spectrum provides, we are empowering lenders to simultaneously increase the
production of quality loans and reduce compliance concerns."

About Equifax, Inc.

Equifax is a global leader in consumer and commercial information solutions,
providing businesses of all sizes and consumers with information they can
trust. We organize and assimilate data on more than 500 million consumers and
81 million businesses worldwide, and use advanced analytics and proprietary
technology to create and deliver customized insights that enrich both the
performance of businesses and the lives of consumers.

Headquartered in Atlanta, Equifax operates or has investments in 18 countries
and is a member of Standard & Poor's (S&P) 500® Index. Its common stock is
traded on the New York Stock Exchange (NYSE) under the symbol EFX. For more
information, please visit www.equifax.com.

SOURCE Equifax

Website: http://www.equifax.com
Contact: Daryl S. Toor, +1-404-885-8858, Daryl.toor@equifax.com or Tim Klein,
+1-404-885-8555, tim.klein@equifax.com
 
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