EPN, TVP Release Information for
Friday Morning, Sept. 25th, 2020

Exciting News: Finicity VOIE Product Now Available in EPN

Starting Friday Morning, September 25th, 2020, we are planning to enhance both the EPN settlement services platform and the TVP income verification system with new features and enhancements listed here. The highlight of this release is the availability of the Finicity VOIE product.  We are also excited to offer enhancements to EFX The Work Number product as well as a new management report in TVP that tracks pending requests.  Read on for detail.


New Finicity Product Available
VOIE Verifies Income, Employment at the Same Time
The groundbreaking product that everyone is talking about from Finicity is now available for you to offer in EPN: the Finicity VOIE product.  VOIE saves precious origination time and reduces cost by allowing your clients to order both the verification of income and employment at once from a single vendor.  Learn all about VOIE here.
 
EPN provides access to Verification of Income, Verification of Assets, and Verification of Income and Assets today.  Verification of Income and Employment (VOIE) is another product we are making available to you and your clients.  All Finicity solutions are digital and automated to provide faster, more accurate income, asset, and employment verification results for the application and origination process.  Click here to access the full ordering user guide for Finicity’s products in EPN.

Getting Started
  1. If you have clients already utilizing the EPN-Finicity integration and want to offer the VOIE product, you will need to reach out to Experian to add the VOIE product to your account.  Once your rep has confirmed that VOIE has been added to your account, you can skip down to Step #3 setting up codes and pricing, and find section #8.
     
  2. If you are not already offering the EPN-Finicity integration in EPN, you can get started today by following steps 1, 2 and 3 below.
Step 1: Experian Codes
Contact your Experian bureau representative to get codes for Finicity products. Codes will be assigned on a per-lender basis. Lender codes can be pushed down to all branches.

Step 2: EPN Vendor Setup
Contact Josh Zinkgraf Burger to enable the Finicity vendor and products for your manager account in EPN.Step 3: Setup Codes & Pricing
Once your manager account is enabled, you can login and begin entering the codes that are assigned to the lender, setting up branches, enabling products, and entering pricing.
 
  1. Click the Client Setup menu at left to find the lender you want to enter codes for.
  2. Click on the lender’s name to open the lender account.
  3. Move to the Wrench icon (Vendors screen), then scroll down and find the Available Vendors section.
  4. Find the VOA section, expand it, and click the green plus sign to add this to the Active Vendors list.
  5. When prompted to enable this vendor on branches, click the Yes button.
  6. On the Associated Branches page, click the Edit Associated Branches button, then either select All (for this vendor and products to be available to all branches), or Restricted, then select the branches this vendor and product list should be available for, and Save.


     
  7. Click the Vendor Codes button, then click the Edit Vendor Codes button.  Enter the Finicity codes you were given by Experian into the corresponding fields.  Save your changes.

     
  8. Click the Add, Remove, or Sort Products button.  In the Available Products section, find the Verification of Income and Employment option, and click the green plus sign to make this product available for this vendor.

     
  9. Click the Current Products button.  On the Products page, click the Edit button on each product to add a Price, then Save your changes.


     
A Note on Branch-Level Product and Pricing Customizations: As always, you can customize what products are available to branches and change pricing at the branch level as needed.
 
EPN: New Products Available for EFX The Work Number
We are pleased to provide you and your clients with the added flexibility of additional products from Equifax The Work Number.  The following products are now integrated into EPN and provide added granularity that can be better tailored to the needs of your clients.
  • VOE Mortgage Ultimate – Tailored for flexibility throughout the mortgage loan origination process, and includes Active employment records ≤ 90 days and Inactive records 24 months.
  • VOI Mortgage Ultimate – Tailored for flexibility throughout the mortgage loan origination process, and includes Active income records ≤ 90 days and Inactive records 24 months.
  • Mortgage Preferred – Tailored for verification of income and employment at underwriting, and includes Active records ≤ 60 days and Inactive records ≤4 months.
  • Employment Select Product – Tailored for re-verification of employment at loan closing includes only Active records ≤ 0 days
  • Mortgage 2 Year Filter – Provides all employment and income Active records ≤ 24 months and Inactive records ≤4 months.
  • Mortgage 12 – Provides all employment and income Active records ≤ 12 months and Inactive records ≤4 months.
Contact your EFX bureau representative to get your vendor and client codes to enable these products.   For assistance or questions with EPN, contact customer service at (800) 452-1174 option 4, or EPNSupport@SharperLending.com.
 
TVP: New Management Reports Helps Track Pending Transcripts
A new management report is available in TVP that assists in keeping track of transcripts that have been ordered but not yet delivered back to your clients. The new Pending Transcripts report helps track and manage incomplete orders, is available to manager users only, and includes the following information:
  • Order reference number
  • Batch reference number
  • IRS Reference Number
  • Date batch created
  • Applicant Name
  • Last 4 of Applicant SSN
  • Form Ordered  
  • Years Ordered
How to use this feature:
Login to TVPPro.com as a manager user, click the Reports menu option, and in the Standard reports list, find the Pending Transcripts option.  Click the arrow to expand this report, enter a date range to find reports within, and click Run Report.  Pending order data will be gathered and made available for download within the resulting CSV file.  You can view and/or download this file to your computer.