EV Advantage offers a secure online database that verifiers such as lenders, prospective employers and social service providers can use to verify the employment and wage information of our clients’ employees. Millions of records are provided by our clients and are updated on a weekly basis.
A Company Code is a unique five-digit number used to identify a specific participating employer/client in the EV Advantage database.
A Salary Authorization Code is a nine-digit code that allows a verifier to view employee’s income information. A verifier does not need a salary key if they only need to view an employee’s employment information.
A verifier cannot create a Salary Authorization Code. Instead, they must obtain a Salary Authorization Code from the person whose employment and income information they are trying to verify.
A Salary Authorization Code only provides one-time access to a person’s income data. If a verifier needs to verify an employee’s income information for a second time (i.e. at a later date) they will need to obtain a new Salary Authorization Code.
If a verifier is trying to view an employee’s income information for the time they spent with different employers, the verifier will need a new Salary Authorization Code for each employer.
To protect the privacy of their employees, our clients/employers require verifiers to obtain a Salary Authorization Code from participating employees when viewing confidential historical payroll information.
A record is a secure report from the EV Advantage database outlining an employee/former employee’s employment information. Depending on the type of VOE ordered, this information may include: dates of employment, rate of pay, position held, location of employment, current supervisor, bonus amounts, taxes withheld, and other labor/employment information specific to our client/employer.
An Employer is an organization that uses EVAdvantage to provide secure and immediate access to employment and income information about its employees.
An Employee is a person who has worked for a participating employer and whose employment and income information is available on the EVAdvantage system.
A Verifier is a person or organization that is trying to verify a person’s employment or income information. Verifiers include such organizations as
- Mortgage Companies
- Other Lenders
- Prospective Employers
- Social Service Agencies
In most cases, the data in the EVAdvantage database is updated every pay period.
Our Fees are as follows:
Employment + Salary: 80