We’re always working on ways to streamline the mortgage journey for both you and your clients.
So to reduce the number of proofs we need, we’ve introduced a new tool in NFI Online that can automatically verify your clients income: Work Report from Experian.
Work Report will check the applicant's employment status and name of employer. It will then return their gross and net income. In the future this could remove the need to upload payslips proofs.
How it works:
- NFI Online now includes an additional screen in the ‘Employment and Income section’
- Here we'll ask you to confirm consent from your client to share their Employer and National Insurance number with Experian
- If the company is registered to the service, and the data matches, this should remove the need to upload the payslip.
You'll be able to use the Work Report check for:
- Employed income
- Basic salary - so will not currently include any bonus, overtime or commission income
- Primary employer income – so can’t be used for more than one employer.
You’ll notice the new tool is live in NFI Online. Please continue to upload payslip proofs if asked to do so.