Equifax Mortgage Unit Sees Net Rise 27%

The mortgage division of Equifax, Atlanta, had fourth quarter revenue of $29 million, up 27% from the same period in 2009.

Processing Content

For the full year 2010, the unit had revenues of $114 million, up 14% from $100 million for all of 2009.

The company's TALX subsidiary, which includes The Work Number employment verification service, had total revenue of $102.2 million in the fourth quarter, a 14% increase over the fourth quarter of 2009.

For The Work Number in the fourth quarter, revenue was $54.2 million, up 30% from a year ago.

TALX's operating margin was 24.4% in the fourth quarter compared to 21.1% one year prior.

Total revenue for TALX was $396 million in 2010, a 14% increase over 2009's $346 million. The Work Number was up 32%, to $209 million.

Operating income for TALX was $92 million for the full year, up 22% over $74 million for 2009. For the fourth quarter, operating income was $25 million, up 32% from the $19 million one year prior.

The mortgage services unit is part of Equifax's U.S. Consumer Information Solutions division, which had total revenue of $191 million for fourth quarter, up 12%, and $743 million for the year, up 4%.

Quarterly net income for Equifax was $62 million, compared with $60 million for the fourth quarter 2009. For the full year, it was $267 million, up from $234 million in 2009.


For reprint and licensing requests for this article, click here.
Mortgage technology Originations
MORE FROM NATIONAL MORTGAGE NEWS
Load More