Equifax (formerly known as Veda), a global data and analytics leader, is pleased to provide MFAA members with access to a suite of solutions to successfully convert applications into approved loans with improved efficiency and compliance. Equifax solutions are profiled hereunder:
Equifax Apply Access Seeker Credit Report
Evaluate your applicant´s credit risk and match them with the right lender using an Equifax Credit Report. Accessing a credit report on your customer will not affect their credit score, but enhance their overall experience by expediting the application process. This solution helps you:
- Improve conversion rates
- Save time referring applicants who may fail risk assessment
- Make a reasonable enquiry into an applicants complete credit history
ZipID
Save yourself time and simplify the ID capture process via the ZipID Mobile App. The ZipID Mobile App is free for MFAA members and will help you
- Comply with applicable AML and VOI requirements
- Submit the ZipID Report to any lender
- Prevent identity fraud risk and ensure the security of your clients´ identity documents
ZipID can ID your client when you cannot meet them via its "come to you" agency service. To activate your account, call 1300 073 744 or email support@zipid.com.au Further info can be found at www.zipidbroker.com.au
Along with these solutions, Equifax also offers a wide range of products and services to support mortgage brokers including business ownership by using ASIC, proprietary Equifax data and title searches to confirm property ownership or encumbrances.
MFAA Member Discount
MFAA members can access Equifax services at significantly discounted rates.
- Base Joining Fee (for new subscription) - normally $195. Waived when a copy of MFAA/FBAA license provided
- Monthly Subscription - normally $107.00. MFAA members rate is $58.00 (on direct debit)
- Equifax Apply Access Seeker Credit Report - normally $27.69. MFAA members rate is $15.26
Note: The savings quoted are as at 2024 and will be reviewed and revised annually.
To apply for this special offer, please send the following documents to michael.zou@equifax.com and don´t forget to ask us how to get started on Equifax ZipID:
- MFAA Membership Certificate
- Completed Equifax Application Form (including direct debit authority)
For more information simply complete the form and one of our consultants will respond to you as soon as possible - Equifax Contact us