Equifax Inc has launched a borrower misrepresentation solution for hidden debt and an insurance program that protects lenders against losses often stemming from mortgage repurchase requirements through  Arthur J. Gallagher & Co.

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.

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