Desperate times call for desperate measures – that's why agencies are finding more applicants committing fraud than ever before with unreported, or underreported, income. In this economy, Housing Agencies that rely on applicant-reported information may find themselves expending resources in fraud recovery and bad rent collection or failing HUD Rental Integrity Monitoring reviews. Rely on Equifax Verification Services to provide employer-direct, current income information to help reduce errors in income and increase your rent calculation accuracy for improved HUD-compliance and recovery results.
Equifax Verification Services is the largest provider of employer-reported income information – maintaining millions of current employment records from over 5,500 employers nationwide. Additionally, we can verify current income on any employed individual through a specialized Researched Verification center. Our service rapidly verifies any payroll income to help streamline eligibility and improve recovery efforts. In addition, we can also verify the identity of your applicants to make sure they are who they are presenting themselves to be. That's important in an environment where housing applicants are financially challenged and agencies are burdened with meeting compliance obligations and recovering past due rent or rent miscalculations.
Equifax income and identity data is used by agencies in tandem with EIV and other public sector data sources for a complete and current picture of the applicant. Equifax data has become the most trusted source for verified information by agencies that rely heavily on its third party anonymity and freshness of the data.
Stay ahead of fraud and improve rental integrity results -- use Equifax Verification Services.