TALX Talx (MM)

ST. LOUIS, Aug. 1 /PRNewswire-FirstCall/ -- TALX Corporation (NASDAQ:TALX) announced today that its automated income and employment verification service, The Work Number(R), is now available through Fannie Mae's Anti-fraud Tools as a documentation source in lieu of borrower provided documentation. Lenders are required to review copies of borrower pay stubs and W-2s as third party documentation to verify income and employment. Now, as an alternative to this paper intensive process, the automated verification of employment and income services provided by The Work Number may be used for these verification purposes. The Work Number is currently available to users of Fannie Mae's Anti-fraud Tools suite. For more information on these Anti-fraud Tools, please visit Fannie Mae's web site at http://www.efanniemae.com/. Stacey Simpson, president of The Work Number service, notes, "With The Work Number now available through Fannie Mae's Anti-fraud Tools suite, TALX can help the lending community become more efficient by streamlining the lending process. As a result, consumers can benefit from an expedited verification process that can in turn result in faster loan processing by lenders." About TALX and The Work Number Service: The Work Number, TALX Corporation's automated employment and income verification service, leads the industry with over 130 million records. More than half of Fortune 500 corporations, most federal government employers, and many local employers such as state governments, school districts, and hospitals have outsourced employment verifications using The Work Number. TALX Corporation, based in St. Louis, Missouri, is a leading provider of human resource and payroll-related services and holds a leadership position in automated employment and income verification as well as unemployment tax management. TALX provides over 9,000 clients, including three-fourths of Fortune 500 companies, with Web-based services focused in three employment- related areas: hiring, pay reporting, and compliance. Hiring services include assessments and talent management, paperless new hires, and tax credits and incentives. Pay reporting services include electronic time tracking, paperless pay, and W-2 management. Compliance services include employment and income verifications through The Work Number, unemployment tax management, and I-9 management. The company's common stock trades in the Nasdaq National Market under the symbol TALX. For more information about TALX Corporation, call 314- 214-7000 or access the company's Web site at http://www.talx.com/. DATASOURCE: TALX Corporation CONTACT: Pam Stevens, TALX Corporation, +1-314-214-7235, E-mail: Web site: http://www.talx.com/ http://www.efanniemae.com/

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