ATLANTA, Oct. 6, 2011 /PRNewswire/ -- 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.
