ATLANTA, May 30, 2013 (GLOBE NEWSWIRE) -- Equifax (NYSE:EFX) announced that through its expanded integration with Empower ®, a loan origination system (LOS) offered by Lender Processing Services (NYSE:LPS), Empower now has direct access to the Equifax Undisclosed Debt Monitoring TM solution. Undisclosed Debt Monitoring is the mortgage industry's only platform that successfully monitors for and notifies financial institutions of new accounts and borrower activity initiated during the "quiet period" spanning from the mortgage application date to the closing. The Undisclosed Debt Monitoring solution monitors borrower activity round-the-clock and alerts lenders about any activity that may represent risk associated with mortgage loans in their pipelines, increasing lenders' ability to address compliance requirements through a single platform.
Equifax Undisclosed Debt Monitoring Solution Now Available To LPS Empower Users
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