Equifax Inc. announced the launch of its Work Number Record Indicator for auto and personal loans on April 14, 2026. The new solution fuses income and employment verification from The Work Number with the company’s consumer credit report at the outset of a loan application, giving lenders an instant signal of whether a verification of income and employment (VOIE) is available for a borrower.
The indicator is designed to streamline the underwriting process by allowing lenders to fast‑track qualified borrowers through a paperless workflow while flagging those that may need additional documentation. As Barrett Teague, Vice President of Sales for Auto Lending, explained, "By providing The Work Number Record Indicator for auto or personal loans alongside the Equifax Consumer Credit Report, we are bridging two critical viewpoints -- the consumer's current capacity to pay and their historical credit behavior. This powerful combination provides lenders with the immediate clarity needed to make more informed, data‑driven decisions, while delivering the seamless digital‑first experience that today's borrowers expect."
The launch fits into Equifax’s broader strategy of embedding diverse data assets into its core credit‑reporting platform. The company has recently introduced the myEquifax app and AI‑powered credit tools, and the new indicator is expected to drive incremental revenue and deepen customer stickiness as lenders seek faster, more accurate underwriting solutions. It also positions Equifax to capture growth in the auto‑loan and personal‑loan markets, which are among the company’s highest‑growth segments.
By integrating The Work Number with credit reports, Equifax strengthens its competitive moat against traditional credit‑bureau offerings. The move leverages the company’s data fabric and cloud investments, allowing it to provide a more comprehensive view of a borrower’s financial profile. This integration is a key component of Equifax’s strategy to offer end‑to‑end data solutions to lenders, enhancing both speed and accuracy in loan approvals.
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