Current State:

Lenders, mortgage underwriters, credit card issuers, property management companies, the government, and employers themselves spend ~$100B a year to verify an applicant's income and employment. The current option set for the company seeking verification is to send a letter to the employer of the applicant, or they can ask Equifax's TheWorkNumber (TWN) to generate a report. Both of these methodologies have shortcomings.

The Choices

The flow works on a consumer-permissioned basis. During any application process, the user will be asked to connect to their employer account(s). After the user is authenticated, income and employment data can flow into the application process.

Ways to Verify