Powered by The Work Number from Equifax Workforce Solutions, the firm’s new Income PreCheck product is designed to improve the consumer experience by making the transaction process seamless with fewer roadblocks to financing.
In addition to confirming basic income and employment information, dealers can now use this new verification technology to view an applicant's job tenure, officials said.
The two firms announced today that they have expanded their relationship to provide dealers and their F&I offices with a fully integrated income and employment verification solution.
The two firms have partnered on a new solution for dealers that is designed to resolve “stips” raised by their finance sources, allowing them to instantly verify income and employment information.
Equifax reached a record level of verifications, processing more than 34 million instant income and employment verifications this year.
First Advantage, a global risk mitigation and business solutions provider, and a wholly owned subsidiary of The First American Corporation, today announced the integration of its employment screening and background verification solutions with the DealerTrack Dealer Management System (DMS).
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