What is Work Report?
Work Report is a unique service that allows employees to digitally share their employment and income information with lenders so they can access credit, like loans and mortgages.
How does it work?
When someone applies for credit, a rental agreement, or a new job they may be asked to verify their employment and / or income. If they consent, Work Report pulls the required data from their employer’s payroll, which is transferred digitally, securely and privately in seconds. The lender verifies the information and takes the application forwards.
Why is it better?
At the moment, many people have to ask their employers for physical copies of their payslips or proof of employment. This can make the application process longer and pile extra work on busy internal teams.
Digital employment and income verification is also more accurate and complete, so it helps people access more affordable and appropriate products and services.
Ultimately, Work Report contributes to financial wellbeing, enabling people to unlock life’s big moments, like buying a house or planning for the future.
