Providing information that you can trust.

What is employment and income verification?

Today more than ever, lenders want the most accurate, current salary information available to make decisions concerning consumer loans. In the past, employers had to take numerous requests for past paystubs or W-2 forms necessary for the employee's application.

USIncomeVerify eliminates the hassle of this process by providing payroll information that was obtained directly from employers' payroll systems. Employers can easily provide USIncomeVerify with current payroll data. Employees can obtain the verifications they need on their own time, and with minimal involvement from the company's HR staff.

Who benefits by using USIncomeVerify?

Lending institutions benefit by using USIncomeVerify because they can be sure that the employment and income data they are using to determine the amount of credit to extend, is accurate, timely, and identical to the data residing in the employer's payroll system. When USIncomeVerify receives a new payroll file, it is stored in a secure database environment, available only to a verifier who has an account with USIncomeVerify as well as a token (key) that must be created by the employee and provided to the lender. There is no way for the employee to access or change the data, so the lender can be confident that the information is the exact payroll information provided by the employer.

Employers benefit by using USIncomeVerify because it frees their internal resources from the hassle and burden of providing this information to lending institutions. Instead of having internal HR or Payroll employees dedicate part or all of their work day to answering employment and income queries, they are free to do other jobs that directly impact the company's bottom line.