Costa Mesa, Calif., Nov. 12, 2009 — Experian®, the leading global information services company, today announced its suite of leading “ability to pay” products — Income InsightSM and Income ViewSM — designed to be the definitive source for determining consumers’ ability to pay. Income Insight is a unique product designed to support recent legislation by providing an estimate of a borrower’s individual income utilizing verified income data and proprietary credit bureau attributes. Income View is a Web-based tax verification service that provides clients with reliable IRS 4506-T processing and prompt access to applicants’ verified income via the Internal Revenue Service (IRS). These products are ideal for a variety of clients in the financial community, including retail and bank credit card issuers and mortgage lenders and brokers.
“With a number of new or proposed lending regulations, there is an increasing emphasis being placed on more diligent and more informed lending,” said Steven Wagner, president of Experian Consumer Information Services. “Our new ‘ability to pay’ products are an important part of this continuously changing picture. The capability to accurately estimate or verify a borrower’s income provides a key insight into that consumer’s ability to repay a loan.”
Key benefits of Income Insight include:
Key benefits of Income View include:
“With the changing underwriting and lending environment, Experian is committed to providing best-in-class products for our clients to assess creditworthiness, credit capacity and stability,” added Wagner. “This suite of products answers a critical market need at a time when consumers and the lending industry need discerning information and accurate decisions.”
Experian is the leading global information services company, providing data and analytical tools to clients in more than 65 countries. The company helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score and protect against identity theft.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2009, was $3.9 billion. Experian employs approximately 15,000 people in 40 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; Costa Mesa, California; and São Paulo, Brazil.
For more information, visit http://www.experianplc.com.
Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc.
Other product and company names mentioned herein may be the trademarks of their respective owners.
Experian Public Relations
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