TALX Employment and Income Verification Services Now Available Through Fannie Mae's Anti-fraud Tools
August 01 2006 - 4:38PM
PR Newswire (US)
ST. LOUIS, Aug. 1 /PRNewswire-FirstCall/ -- TALX Corporation
(NASDAQ:TALX) announced today that its automated income and
employment verification service, The Work Number(R), is now
available through Fannie Mae's Anti-fraud Tools as a documentation
source in lieu of borrower provided documentation. Lenders are
required to review copies of borrower pay stubs and W-2s as third
party documentation to verify income and employment. Now, as an
alternative to this paper intensive process, the automated
verification of employment and income services provided by The Work
Number may be used for these verification purposes. The Work Number
is currently available to users of Fannie Mae's Anti-fraud Tools
suite. For more information on these Anti-fraud Tools, please visit
Fannie Mae's web site at http://www.efanniemae.com/. Stacey
Simpson, president of The Work Number service, notes, "With The
Work Number now available through Fannie Mae's Anti-fraud Tools
suite, TALX can help the lending community become more efficient by
streamlining the lending process. As a result, consumers can
benefit from an expedited verification process that can in turn
result in faster loan processing by lenders." About TALX and The
Work Number Service: The Work Number, TALX Corporation's automated
employment and income verification service, leads the industry with
over 130 million records. More than half of Fortune 500
corporations, most federal government employers, and many local
employers such as state governments, school districts, and
hospitals have outsourced employment verifications using The Work
Number. TALX Corporation, based in St. Louis, Missouri, is a
leading provider of human resource and payroll-related services and
holds a leadership position in automated employment and income
verification as well as unemployment tax management. TALX provides
over 9,000 clients, including three-fourths of Fortune 500
companies, with Web-based services focused in three employment-
related areas: hiring, pay reporting, and compliance. Hiring
services include assessments and talent management, paperless new
hires, and tax credits and incentives. Pay reporting services
include electronic time tracking, paperless pay, and W-2
management. Compliance services include employment and income
verifications through The Work Number, unemployment tax management,
and I-9 management. The company's common stock trades in the Nasdaq
National Market under the symbol TALX. For more information about
TALX Corporation, call 314- 214-7000 or access the company's Web
site at http://www.talx.com/. DATASOURCE: TALX Corporation CONTACT:
Pam Stevens, TALX Corporation, +1-314-214-7235, E-mail: Web site:
http://www.talx.com/ http://www.efanniemae.com/
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