Vesta Announces Integration with The Work Number® from Equifax to Help Increase Lender Efficiency

Vesta , the next-generation loan origination system (LOS), has announced its integration with The Work Number® from Equifax.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, June 13, 2023
Information
Tags: 
Professional Services, Technology, Finance, Software, Fintech, Banking, Equifax Workforce Solutions, Employment, Logic, Work, 600 (number), Workflow, The Work Number, Renewable energy, Online shopping, Vesta, Equifax
Geotags: 
UNITED STATES, NORTH AMERICA, CALIFORNIA, LOS
Organisation: 
VESTA
Summary
Key Points: 
  • Vesta , the next-generation loan origination system (LOS), has announced its integration with The Work Number® from Equifax.
  • This integration enables lenders using Vesta's LOS to effortlessly access robust verification of employment and income capabilities from The Work Number within the LOS interface.
  • "We are excited about the positive impact this integration will have on efficiency and outcomes for our customers.
  • This integration marks the beginning of an exciting relationship with Equifax, and we look forward to delivering even greater value to our customers," said Mike Yu, Vesta CEO.


Vesta, the next-generation loan origination system (LOS), has announced its integration with The Work Number® from Equifax. This integration enables lenders using Vesta's LOS to effortlessly access robust verification of employment and income capabilities from The Work Number within the LOS interface. By combining Vesta's advanced LOS features with an industry-leading verification platform, lenders can streamline their processes, make more informed lending decisions, and enhance their mortgage origination workflow.

Vesta's LOS is designed to support comprehensive digital automation, catering to lenders of all sizes. Its no-code workflow and decisioning engine empower lenders to configure their business logic directly within the user-friendly web-based application, eliminating the need for developer resources. Moreover, Vesta's system provides open, cloud-native APIs that seamlessly integrate with platforms like The Work Number, enhancing the functionality and versatility of the LOS.

"We are excited about the positive impact this integration will have on efficiency and outcomes for our customers. By providing seamless access to verified employment and income data through The Work Number, we are further enabling a fully digital lending experience. This integration marks the beginning of an exciting relationship with Equifax, and we look forward to delivering even greater value to our customers," said Mike Yu, Vesta CEO.

“Lenders are seeking streamlined digital solutions to support informed decision-making and quicker time-to-close. With 618 million employment records from 2.7 million employers, The Work Number provides Vesta LOS clients with instant access to extensive coverage for income and employment verifications,” said Ashley Wood, Vice President, Mortgage Verification Services, Equifax Workforce Solutions.

For more information on Vesta, please click here. For more information on mortgage verification solutions from The Work Number, please click here.

About Vesta:

Vesta is a SaaS provider of mortgage loan origination software. The platform provides lenders with a modern system of record, customizable workflows for end to end mortgage loan fulfillment process, and open, cloud-based APIs. The company was founded in 2020 by early Blend employees Mike Yu and Devon Yang. Investors backing Vesta include: Andreessen Horowitz, Bain Capital Ventures, Conversion Capital, Index Ventures and Zigg Capital. For more information, visit: www.usevesta.com, or Vesta’s LinkedIn.

Copyright: 
Copyright Business Wire 2023