{"id":385403,"date":"2020-11-19T12:16:44","date_gmt":"2020-11-19T17:16:44","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=385403"},"modified":"2020-11-19T12:16:44","modified_gmt":"2020-11-19T17:16:44","slug":"equifax-launches-mortgage-duo-providing-instant-verifications-for-co-borrowers-via-a-single-transaction","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/equifax-launches-mortgage-duo-providing-instant-verifications-for-co-borrowers-via-a-single-transaction\/","title":{"rendered":"Equifax Launches &#8220;Mortgage Duo&#8221; Providing Instant Verifications for Co-Borrowers via a Single Transaction"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">One Transaction. Two Reports. Instantly. Integration with The Work Number database Offers New Efficiencies<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">ATLANTA<\/span>, <span class=\"xn-chron\">Nov. 19, 2020<\/span> \/PRNewswire\/ &#8212; Equifax (NYSE: EFX) continues to offer mortgage lenders innovative ways to drive digital efficiencies into the origination process with the latest addition to its suite of enhanced mortgage solutions designed to help mortgage bankers and brokers better accommodate co-borrower applications. <i><u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2988279-1&amp;h=2650497821&amp;u=https%3A%2F%2Ftheworknumber.com%2Fsolutions%2Findustries%2Fmortgage-verification&amp;a=Mortgage+Duo\" rel=\"nofollow noopener noreferrer\">Mortgage Duo<\/a><\/u><\/i>, permits credentialed mortgage lenders, with permissible purpose, to leverage a single transaction through The Work Number<sup>\u24c7<\/sup>\u00a0database to return instant verifications of employment and income for joint applicants.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/448516\/Equifax_jpg_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/448516\/Equifax_jpg_Logo.jpg\" title=\"EFX logo\" alt=\"EFX logo\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Many mortgage loans for single family homes involve co-borrowers; and the October Mortgage Bankers Association (MBA) Forecast\u00a0anticipates that home loans will maintain a positive trajectory into 2021. Recognizing the need, trend and opportunity to facilitate both lender and borrower requirements, Mortgage Duo eliminates the need for a lender to place individual orders for each borrower&#8217;s report. <\/p>\n<p>&#8220;We recognize that people often apply for mortgages with a co-borrower, such as a spouse,&#8221; said <span class=\"xn-person\">Joel Rickman<\/span>, SVP of Verification Services for Equifax. &#8220;The breadth of The Work Number database, with more than 111 million active records, allows us to deliver a new verification solution that helps lenders continue to build efficiency into their digital originations. With Mortgage Duo, they can instantly verify employment and income for both borrowers through a single automated transaction which helps decrease duplicative tasks and further reduces friction in the loan origination process.&#8221;<\/p>\n<p>The launch of Mortgage Duo further demonstrates the Equifax commitment to turning insights into action, recognizing trends in the market and tapping into\u00a0its differentiated data assets to help reveal more opportunities for consumers and businesses of all sizes. Powered by <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2988279-1&amp;h=3264792737&amp;u=https%3A%2F%2Ftheworknumber.com%2F&amp;a=The+Work+Number+database\" rel=\"nofollow noopener noreferrer\">The Work Number database<\/a><\/u>, the industry-leading, centralized commercial repository of income and employment information in the U.S.,\u00a0 Mortgage Duo joins a suite of mortgage verification products and services intended to give lenders, with permissible purpose, the automated verification options they need to help meet consumer demand for a seamless, low-friction, digital lending experience.<\/p>\n<p>\n        <b>ABOUT EQUIFAX INC. <br \/><\/b>At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employees, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in <span class=\"xn-location\">Atlanta<\/span> and supported by more than 11,000 employees worldwide, Equifax operates or has investments in 25 countries in <span class=\"xn-location\">North America<\/span>, Central and <span class=\"xn-location\">South America<\/span>, <span class=\"xn-location\">Europe<\/span>, and the <span class=\"xn-location\">Asia Pacific<\/span> region. For more information, visit Equifax.com <\/p>\n<p>\n        <b>For more information <br \/><\/b><br \/>\n        <u><br \/>\n          <a target=\"_blank\" href=\"mailto:mediarelations@equifax.com\" rel=\"nofollow noopener noreferrer\">mediarelations@equifax.com<\/a><br \/>\n        <\/u>\n      <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL98398&amp;sd=2020-11-19\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/equifax-launches-mortgage-duo-providing-instant-verifications-for-co-borrowers-via-a-single-transaction-301177466.html\">http:\/\/www.prnewswire.com\/news-releases\/equifax-launches-mortgage-duo-providing-instant-verifications-for-co-borrowers-via-a-single-transaction-301177466.html<\/a><\/p>\n<p>SOURCE  Equifax Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CL98398&amp;Transmission_Id=202011191213PR_NEWS_USPR_____CL98398&amp;DateId=20201119\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One Transaction. Two Reports. Instantly. Integration with The Work Number database Offers New Efficiencies PR Newswire ATLANTA, Nov. 19, 2020 \/PRNewswire\/ &#8212; Equifax (NYSE: EFX) continues to offer mortgage lenders innovative ways to drive digital efficiencies into the origination process with the latest addition to its suite of enhanced mortgage solutions designed to help mortgage bankers and brokers better accommodate co-borrower applications. Mortgage Duo, permits credentialed mortgage lenders, with permissible purpose, to leverage a single transaction through The Work Number\u24c7\u00a0database to return instant verifications of employment and income for joint applicants. Many mortgage loans for single family homes involve co-borrowers; and the October Mortgage Bankers Association (MBA) Forecast\u00a0anticipates that home loans will maintain a positive trajectory into 2021. Recognizing the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/equifax-launches-mortgage-duo-providing-instant-verifications-for-co-borrowers-via-a-single-transaction\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Equifax Launches &#8220;Mortgage Duo&#8221; Providing Instant Verifications for Co-Borrowers via a Single Transaction&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-385403","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Equifax Launches &quot;Mortgage Duo&quot; Providing Instant Verifications for Co-Borrowers via a Single Transaction - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/equifax-launches-mortgage-duo-providing-instant-verifications-for-co-borrowers-via-a-single-transaction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Equifax Launches &quot;Mortgage Duo&quot; Providing Instant Verifications for Co-Borrowers via a Single Transaction - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"One Transaction. Two Reports. Instantly. Integration with The Work Number database Offers New Efficiencies PR Newswire ATLANTA, Nov. 19, 2020 \/PRNewswire\/ &#8212; Equifax (NYSE: EFX) continues to offer mortgage lenders innovative ways to drive digital efficiencies into the origination process with the latest addition to its suite of enhanced mortgage solutions designed to help mortgage bankers and brokers better accommodate co-borrower applications. Mortgage Duo, permits credentialed mortgage lenders, with permissible purpose, to leverage a single transaction through The Work Number\u24c7\u00a0database to return instant verifications of employment and income for joint applicants. Many mortgage loans for single family homes involve co-borrowers; and the October Mortgage Bankers Association (MBA) Forecast\u00a0anticipates that home loans will maintain a positive trajectory into 2021. 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Two Reports. Instantly. Integration with The Work Number database Offers New Efficiencies PR Newswire ATLANTA, Nov. 19, 2020 \/PRNewswire\/ &#8212; Equifax (NYSE: EFX) continues to offer mortgage lenders innovative ways to drive digital efficiencies into the origination process with the latest addition to its suite of enhanced mortgage solutions designed to help mortgage bankers and brokers better accommodate co-borrower applications. Mortgage Duo, permits credentialed mortgage lenders, with permissible purpose, to leverage a single transaction through The Work Number\u24c7\u00a0database to return instant verifications of employment and income for joint applicants. Many mortgage loans for single family homes involve co-borrowers; and the October Mortgage Bankers Association (MBA) Forecast\u00a0anticipates that home loans will maintain a positive trajectory into 2021. 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