TORONTO, ONTARIO, November 8th, 2023 -- Intellifi is excited to announce the newest integration between our loan management software LMS360 and Verification Exchange™ from Equifax. This innovative integration will help simplify and streamline the mortgage journey, providing a faster turnaround time for borrowers and lenders. This solution addresses two common challenges that lenders have: verifying the identity of the borrower and the level of income of the borrower.
Through this new partnership, our lenders may instantly access income and employment reports directly from employers with consumer consent. As a result, borrowers will no longer need to provide documents to prove their employment.
“At Intellifi, we’re driven by our commitment to continuous improvement. Our product roadmap is determined by our clients’ feedback and our own user experiences,” said Sam Stravato, Head of Residential Technology at Intellifi. “By working closely with key industry partners, such as Equifax, we continue to develop cutting-edge and digital solutions that meet the evolving needs of our customers and streamline their lending processes.”
Verification Exchange™ is updated every pay cycle to provide lenders with accurate and comprehensive information. It is accessible 24/7/365 through encrypted delivery that protects consumers’ data.
Vanessa Giuliani, General Manager, Equifax Workforce Solutions Canada, adds "partnering with Intellifi to deliver instant access to employment and income verification, in addition to the credit reports and scores we already deliver to their clients, demonstrates our commitment to supporting a digital-first lending experience. This industry-leading integration with Intellifi is a significant milestone on the journey to streamline verifications for consumers, employers and lenders."
Intellifi provides mortgage lenders in Canada with leading Commercial and Residential Software and Services. With over 20 years of experience, we are the top-rated service provider in the industry and the most advanced digital end-to-end experience in the market. We are experienced, innovative, and offer tailored and scalable solutions to our clients. We are Lending Solutions Simplified.
LMS360 is our end-to-end lending software and considered the most feature-rich platform in the industry. With over 20 built-in integrations and 180 features, and trusted by over 15 Canadian lenders, our platform features are tailored and customizable by lenders, offering them with a unique and efficient solution to their underwriting and servicing needs.
For more information, please visit www.intellifi.ca
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, employers, 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 Atlanta and supported by nearly 14,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.ca.
À propos d’Equifax
À Equifax (NYSE : EFX), nous croyons que les connaissances entraînent le progrès. En tant qu’entreprise internationale axée sur les données, les analyses et les technologies, nous jouons un rôle essentiel dans l’économie mondiale en aidant les institutions financières, les entreprises, les employeurs et les organismes gouvernementaux à prendre des décisions cruciales avec une confiance plus grande. Notre combinaison unique de données différenciées, d’analyses et de technologies infonuagiques alimente des aperçus qui permettent aux gens de prendre des décisions qui les feront aller de l’avant. Ayant son siège social à Atlanta et soutenue par près de 14 000 employés dans le monde entier, Equifax exploite des activités ou possède des investissements dans 24 pays en Amérique du Nord, en Amérique centrale, en Amérique du Sud, en Europe et dans la région de l’Asie-Pacifique. Pour en savoir plus, visitez le site Equifax.ca.