What is a person's income? Where are they employed? These are questions that just about everyone is required to answer when they apply for credit, insurance, rentals, etc.

The process of independently verifying consumer income is perplexing — a puzzle that companies try to piece together using a myriad of techniques. It is likely the most challenging problem companies face during underwriting. It's expensive. It's time-consuming. It's inefficient.

As companies have grappled with increasingly expensive and unreliable methods like paystubs and employment verification, a whole ecosystem has emerged, giving them more alternatives. These alternatives have their own unique benefits and challenges, but each can assist companies in verifying income during the financing process.

If your organization is still using costly and inefficient traditional income and employment verification solutions, this white paper will help you to understand the more accurate and cost-effective solutions that you could be using today.