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TotalVerify from Equifax

TotalVerify from Equifax

Overview

What is TotalVerify from Equifax?

Equifax provides employment, income, and education information to lenders, credit issuers, government agencies, and others so they can make faster and more informed decisions.

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Pricing

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What is TotalVerify from Equifax?

Equifax provides employment, income, and education information to lenders, credit issuers, government agencies, and others so they can make faster and more informed decisions.

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Details

What is TotalVerify from Equifax?

TotalVerify by Equifax provides employment, income, and education information to lenders, credit issuers, government agencies, and others so they can make faster and more informed decisions.

Verifying income and employment information requires quality data. Government agencies, loan providers and HR professionals need access to employer and payroll provided data to confirm information submitted by applicants for things like government benefits, mortgages, and jobs.

Equifax delivers data provided directly from employers and payroll providers, along with sophisticated technology solutions, to help complete verifications with confidence. Equifax uses what they describe as robust, real data — not modeled data — to help reduce uncertainty around important business and eligibility decisions.

Equifax's Verification portfolio of products include:
  • Verification of Education - allows for electronic verification of an individual’s graduate attainment or enrollment status. Additionally, the Verification of Education is delivered as a separate report through the same portal as Eqeuifax's employment and income verifications, providing a seamless ordering and delivery process for all of verification needs.
  • Verify Eligibility for Government Programs - Automated, real-time data that can streamline the verification process for government programs. Government agencies and organizations who administer social services programs know it’s critical to have access to timely and reliable data. For food and housing assistance, medical insurance, child support, unemployment benefits, and other programs, verifying eligibility quickly and with the most up-to-date information available is key. Automating the use of real-time data can streamline this process to help qualified recipients get the help they need while maintaining program integrity.
  • Verify Income & Employment History - Automated data to improve verification and reduce risk. Whether the user is seeking an ongoing understanding of a customer's financial situation, or to better segment an audience, speed up processing to improve the approval experience, or help ensure eligibility for applicants or renewals, Equifax offers a solution.


TotalVerify from Equifax Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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Reviews and Ratings

(5)

Reviews

(1-2 of 2)
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Score 10 out of 10
Vetted Review
Verified User
Incentivized
We use Equifax to verify tenants' details before signing a tenancy agreement with them. Equifax will go through their details in the database it has and will provide us with the data if the person is involved in any criminal actions and if they have been blacklisted by any of the property managers in the past. These details will help us in trusting the person and allowing them to stay on our premises.
  • Verifying criminal history
  • verifying identification documents
  • checking a person's details in the tenancy database
  • they can reduce their pricing
  • they can improve their customer support
  • they can make changes to their user interface
Suppose you are a property manager and would like to verify your tenants' details. In that case, Equifax is one of the most popular and commonly used id verification or background check software that is suggested to use. Cost wise every check is about $13 but it is worth paying the money and getting the tenants verified rather than having the wrong tenants on the property.
  • Criminal history
  • proper identity documents
  • finding out blacklisted tenants
  • were able to trust out tenants
  • sometimes even if we have to engage with a contractor Equifax helps us to trust them
  • We also do Equifax verification with people before signing up any business collaborations
Suppose you are a property manager and would like to verify your tenants' details. In that case, Equifax is one of the most popular and commonly used id verification or background check software that is suggested to use. Cost wise every check is about $13 but it is worth paying the money and getting the tenants verified rather than having the wrong tenants on the property. Other software do not provide any reliable data.
Score 4 out of 10
Vetted Review
Verified User
Incentivized
Our multifamily real estate organization utilizes Equifax reports as a part of its overall application process through another third party vendor. Equifax Verification screens potential rental applicants for credit and criminal background history, and the results are then qualified with a score that assesses an overall rental profile for the applicant. Equifax is utilized across our multi-state rental portfolio on every application.
  • Screens both credit and criminal background history on one report.
  • Interfaces with our 3rd party application software vendor.
  • Is widely used across the country, so we can trust that we're working with a reputable vendor.
  • The speed at which criminal background results are received is glacial at best.
  • Support for issues is almost non-existant.
  • Recent data breaches leave some room for concern of user's privacy.
Equifax Verification is best suited to our needs in our rental application process, whereby applicants 18 years of age and older are required to submit to a credit and background check in order to assess their application. This is in conjunction with following all applicable local, state and federal fair housing regulations, which Equifax does a great job in following, as well.
  • Accurate credit reporting
  • Accurate criminal background reporting
  • Comprehensive database of information from which to pull as industry leader in verification.
  • Ensures we have a complete resident profile to review when assessing rental applications.
  • Can handle the volume of applications we receive.
  • Helps us stay in compliance with regards to fair housing standards.
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