Committed to assisting lenders in mitigating loan buy-back risk, Equifax Inc. (NYSE: EFX) has launched the industry’s most comprehensive borrower misrepresentation solution for hidden debt. Lenders who use Equifax’s premier undisclosed debt monitoring solution can now gain access to an exclusive insurance program, offered through Arthur J. Gallagher & Co. (NYSE: AJG). By covering losses tied to loan repurchases resulting from undisclosed debt, this solution enables lenders to reduce taxable loan loss reserves and improve the confidence level of originators, investors, and mortgage insurers in the underwriting process.
Arthur J. Gallagher & Co. is regarded as one of the world’s largest and leading insurance brokerage and risk management services firms. Its value-added solutions include a full range of mortgage, banking and alternative risk services. Equifax customers using Undisclosed Debt Monitoring can leverage Gallagher’s risk management solutions to safely originate loans in today’s marketplace