Mortgage Lending
Credit Reports
These reports include credit history data Lenders use to evaluate an applicant’s risk for mortgage & second mortgage loans, agricultural & commercial loans, auto & other installment loan products, or lines of credit. Various reporting options are available.
Types of Credit Reports
- TriMerge
- Per Bureau, Experian, TransUnion, Equifax – 1, 2, or 3 bureaus.
- Customer Service/Tradeline Updates
- Trended Data
- Scores
- MLA
- Command Credit
Credit Report Supplements
Can your borrower benefit from fresh and/or accurate information on their credit report (rent, non-traditional, and/or new account verifications)? Contact our Customer Support Team – We’re here to help! We’ll quickly & effectively collaborate with the borrower & lender to confirm and update tradeline data and move forward toward approval.
PreQualification for Mortgage Applications / Soft Pull
For a lender who wants to forgo the expense of a tri-merge credit report before knowing what the potential borrower’s credit looks like & for potential applicants who are unsure if they will qualify for a mortgage loan, Pre-Qualification / Soft Pulls are a tool to provide insight, making your job easier.
Public Record Search / Liens & Judgments
Reducing risk is key to any loan process & a third-party Public Record Search report is an ideal way to access judgment & tax lien information no longer included on credit reports.
Analyze an applicant’s credit data & identify opportunities to improve scores with CreditXpert’s various products. These tools may even be used when prequalifying an applicant, too!
Credit Assure™ – You’re guide to help applicants maximize their credit score. It’s that simple.
CreditXpert®Wayfinder – A custom plan of action for applicants to reach a target score. Improve scores by 27 points.
CreditXpert®What-If Simulator™ – Run predictive scenarios for the applicant to develop plans & make decisions.
Fraud Detection
Each repository (Equifax, Experian & TransUnion) offers a wide variety of products to help detect & mitigate fraud during the account lifecycle. Let’s discuss the best option for your business!
Military Lending Act Compliance (MLA)
Military Lending Act compliance requires verification of member’s military status & protects active-duty military members, spouses & dependents against certain lending practices.
Risk-Based Pricing Disclosures / Score Disclosure Mailings
Let us help manage the process & meet your legal obligations under the Fair Credit Reporting Act (FCRA) & the Risk-Based Pricing Rule. Disclosures will be automatically sent to applicants on your behalf.
The Rescore process may help your borrower qualify for a loan or achieve a better rate when credit information from the three national repositories is updated with help from our Team.
Is property ownership not changing but you still need valuation information? Use Automated Valuation Models (AVM), an instant valuation based on unbiased property assessments. Many options to choose from, including HVE, or select a cascading feature to minimize no record returns. Include Property Condition Reports with the AVM to secure a property’s condition and meet Interagency Guidelines.
An inexpensive service from the IRS ordered through your LOS or through either of our ancillary services platforms (EPN, MCL), provides official insight into the applicant’s “ability to repay”. Delivered electronically.
Social Security Verification (SSA-89)
This report will match the applicant’s name, Social Security Number & Date of Birth directly with the Social Security Administration (SSA) to help minimize risk & detect fraud.
Precise ID
Robust, real-time identity verification & the ability to accurately identify a wide range of fraud risks (identity theft, synthetic identity & 1st party fraud), along with tools to facilitate confirmation when risks are detected.
Star Appraisal Management Company, a widely respected division of Credit Information Systems, makes the Appraisal Management process as smooth as possible. Full service is provided by a knowledgeable team and compliance with the Dodd-Frank Act is assured. Work from the web-based firewall, a secure platform, allowing Star Appraisal to provide a safe harbor between loan production & the appraisal function. This flexibility allows YOU to create a panel of appraisers, or we can assist you in finding qualified appraisers in unfamiliar markets. Licensed in 6 states: Nebraska, Iowa, Kansas, Missouri, South Dakota & Tennessee, with more to come!
VA Solutions
Manage all your loan appraisals, including VA, in one secure, easy-to-use platform (Appraisal Firewall or your preferred LOS). Save time & money: No re-keying of information, one-click order retrieval & receive progress updates & email messages from the VA portal. Communicate directly with appraisers, too.
The Verisite Line of Products by Appraisal Firewall
Use Verisite products on purchase & refi loans, HELOCs & sub-loan products (disaster relief inspections, new construction progress evaluations, portfolio reviews & more). Verisite Photo Reports, Verisite Collateral Data & Verisite Plus use mobile technology for safe & efficient property inspection reports & collateral valuation data.
We work with ServiceLink National Flood, an industry leader, to provide reports which determine the flood risk level associated with a property, helping lenders maintain compliance with ever-changing federal regulations.
Comprehensive Suite of Flood Products & Services
Credit Information Systems can provide you with access to ServiceLink National Flood’s products & services: Portfolio Compliance Review, Basic & Life-of-Loan Flood Zone Determination, Life-of-Loan Conversion, CertMap®, & more.
Check Up / Refresh Credit Reports
A quick-&-easy recheck of debt-to-income ratios supporting the Fannie Mae Loan Quality Initiative (LQI). Days before closing, pull this report to compare against the applicant’s original Tri-Merge credit report, noting changes.
The Work Number (TWN) & VOI – Instant Verification of Income
Use Equifax’s compliant & flexible, The Work Number, for quick & seamless verification of your applicant’s stated employment & income. Up to Date! Each pay cycle, the employer/payroll partner provides employment & income data.
Manual Verification of Employment
Save time & money! Have our Customer Support Team make these time-consuming direct calls to collect the employment (and/or income) information you require. Or use our service as a backup when other verification services report a “NO HIT.”
Experian Verify™
Efficiently accelerate time to close & reduce financial risk with instant access to unique & up-to-date employer payroll records from employer services & payroll providers. Supports Day 1 Certainty® from Fannie Mae.
Account View / VOI/E & VOA
Borrower permission real-time bank data Lenders may use to instantly verify active & inactive income streams and/or financial account data via secure, direct connections. Lenders can customize the process to reflect their brand. Multiple delivery and integration options. Day 1 CertaintyTM validated.
The ADV report analyzes the risk identified from an application for a mortgage. This report includes property, consumer, and corporate information within fraud detection guidelines to reduce fraud risk.
Save time in the loan process, meet GSE requirements & ensure the highest level of accuracy with proprietary filtering & matching logic. Each loan participant is checked against thousands of excluded-party records such as SAM-EPLS, HUD-LDP.
Undisclosed Debt Monitoring
Account for all bureau-reported consumer liabilities & keep ahead of any new consumer debt. From the first credit pull all the way to loan closing, monitor 1, 2, or all 3 bureaus for activities throwing off debt-to-Income ratios & causing loan terms to change &/or require the lender to redisclose. If a bureau identifies new debt, your email distribution list receives a notification.
Marketing / Pre-Screening Lists
The right prospects at the right time – timing is everything with pre-approved offers
Reports include credit history data Lenders use to evaluate an applicant’s risk for mortgage & second mortgage loans, agricultural & commercial loans, auto & other installment loan products, or lines of credit. Various reporting options are available including, 3-Bureau Merged, Cascading, Mortgage Only, Trended Data, or Non-Trended Data. Tenant & Employment credit reporting is also available.
Commercial Credit Reports
Need to know who you're doing business with & understand the financial health of potential business partners? You’ll have the deepest level of insight into the validity, financial stability & performance of businesses from a full suite of easily accessible B2B solutions to assist your decision-making process: scores, tradelines, payment trends, open accounts, public records & more (Experian, Equifax, and D&B Business Credit Reports). Several reports are available, varying by the information and detail required. Several billing & pricing options to fit your needs, including order as needed or subscription.
Fraud Detection
Each repository (Equifax, Experian & TransUnion) offers a wide variety of products to help detect & mitigate fraud during the account lifecycle. Let’s discuss the best option for your business!
The Work Number (TWN) & VOI – Instant Verification of Income
Use Equifax’s compliant & flexible, The Work Number, for quick & seamless verification of your applicant’s stated employment & income. Up to Date! Each pay cycle, the employer/payroll partner provides employment & income data.
Manual Verification of Employment
Save time & money! Have our Customer Support Team make these time-consuming direct calls to collect the employment (and/or income) information you require. Or use our service as a backup when other verification services report a “NO HIT.”
Experian Verify™
Efficiently accelerate time to close & reduce financial risk with instant access to unique & up-to-date employer payroll records from employer services & payroll providers. Supports Day 1 Certainty® from Fannie Mae.
Account View / VOI/E & VOA
Borrower permission real-time bank data Lenders may use to instantly verify active & inactive income streams and/or financial account data via secure, direct connections. Lenders can customize the process to reflect their brand. Multiple delivery and integration options. Day 1 CertaintyTM validated.
Social Security Verification (SSA-89)
This report will match the applicant’s name, Social Security Number & Date of Birth directly with the Social Security Administration (SSA) to help minimize risk & detect fraud.
An inexpensive service from the IRS, ordered through your LOS or through either of our ancillary services platforms (EPN, MCL), provides official insight into the applicant’s “ability to repay”. Delivered electronically.
The Work Number (TWN) & VOI – Instant Verification of Income
Use Equifax’s compliant & flexible, The Work Number, for quick & seamless verification of your applicant’s stated employment & income. Up to Date! Each pay cycle, employer/payroll partner provides employment & income data.
Manual Verification of Employment
Save time & money! Have our Customer Support Team make these time-consuming direct calls to collect the employment (and/or income) information you require. Or use our service as a backup when other verification services report a “NO HIT.”
Experian Verify™
Efficiently accelerate time to close & reduce financial risk with instant access to unique & up-to-date employer payroll records from employer services & payroll providers. Supports Day 1 Certainty® from Fannie Mae.
Account View / VOI/E & VOA
Borrower permission real-time bank data Lenders may use to instantly verify active & inactive income streams and/or financial account data via secure, direct connections. Lenders can customize the process to reflect their brand. Multiple delivery and integration options. Day 1 CertaintyTM validated.
The Verisite Line of Products by Appraisal Firewall
Use Verisite products on purchase & refi loans, HELOCs & sub-loan products (disaster relief inspections, new construction progress evaluations, portfolio reviews & more). Verisite Photo Reports, Verisite Collateral Data & Verisite Plus use mobile technology for safe & efficient property inspection reports & collateral valuation data.
(pending contract)
Interagency Guidelines.
Comprehensive Suite of Flood Products & Services
Title Reports for Equity Lending
For Home Equity Lines of Credit or Loans, lenders may use this economical, scaled down title search, giving them the security of knowing what liens/encumbrances are held against the property.
Reports include credit history data Lenders use to evaluate an applicant’s risk for mortgage & second mortgage loans, agricultural & commercial loans, auto & other installment loan products, or lines of credit. Various reporting options available including, 3-Bureau Merged, Cascading, Mortgage Only, Trended Data, or Non-Trended Data. Tenant & Employment credit reporting is also available.
Commercial Credit Reports
Need to know who you're doing business with & understand the financial health of potential business partners? You’ll have the deepest level of insight into the validity, financial stability & performance of businesses from a full suite of easily accessible B2B solutions to assist your decision making process: scores, tradelines, payment trends, open accounts, public records & more (Experian, Equifax, and D&B Business Credit Reports). Several reports are available, varying by the information and detail required. Several billing & pricing options to fit your needs, including order as need or subscription.
An inexpensive service from the IRS, ordered through your LOS or through either of our ancillary services platforms (EPN, MCL), provides official insight into the applicant’s “ability to repay”. Delivered electronically.
Precise ID
Robust, real-time identity verification & the ability to accurately identify a wide range of fraud risks (identity theft, synthetic identity & 1st party fraud), along with tools to facilitate confirmation when risks are detected.
Reports include credit history data Lenders use to evaluate an applicant’s risk for mortgage & second mortgage loans, agricultural & commercial loans, auto & other installment loan products, or lines of credit. Various reporting options are available including, 3-Bureau Merged, Cascading, Mortgage Only, Trended Data, or Non-Trended Data. Tenant & Employment credit reporting is also available.
Reports include credit history data Lenders use to evaluate an applicant’s risk for mortgage & second mortgage loans, agricultural & commercial loans, auto & other installment loan products, or lines of credit. Various reporting options are available including, 3-Bureau Merged, Cascading, Mortgage Only, Trended Data, or Non-Trended Data. Tenant & Employment credit reporting is also available.
Reports include credit history data Lenders use to evaluate an applicant’s risk for mortgage & second mortgage loans, agricultural & commercial loans, auto & other installment loan products, or lines of credit. Various reporting options are available including, 3-Bureau Merged, Cascading, Mortgage Only, Trended Data, or Non-Trended Data. Tenant & Employment credit reporting is also available.
Reports include credit history data Lenders use to evaluate an applicant’s risk for mortgage & second mortgage loans, agricultural & commercial loans, auto & other installment loan products, or lines of credit. Various reporting options are available including, 3-Bureau Merged, Cascading, Mortgage Only, Trended Data, or Non-Trended Data. Tenant & Employment credit reporting is also available.
Fraud
Fraud Detection
Each repository (Equifax, Experian & TransUnion) offers a wide variety of products to help detect & mitigate fraud during the account lifecycle. Let’s discuss the best option for your business!
Social Security Verification (SSA-89)
Technology
Full Service
Star Appraisal Management Company, a widely respected division of Credit Information Systems, makes the Appraisal Management process as smooth as possible. Full service is provided by a knowledgeable team and compliance with the Dodd-Frank Act is assured. Work from the web-based firewall, a secure platform, allowing Star Appraisal to provide a safe harbor between loan production & the appraisal function. This flexibility allows YOU to create a panel of appraisers, or we can assist you in finding qualified appraisers in unfamiliar markets. Licensed in 6 states: Nebraska, Iowa, Kansas, Missouri, South Dakota & Tennessee, with more to come!
VA Solutions
Manage all your loan appraisals, including VA, in one secure, easy-to-use platform (Appraisal Firewall or your preferred LOS). Save time & money: No re-keying of information, one-click order retrieval & receive progress updates & email messages from the VA portal. Communicate directly with appraisers, too.
Verisite
The Verisite Line of Products by Appraisal Firewall
Use Verisite products on purchase & refi loans, HELOCs & sub-loan products (disaster relief inspections, new construction progress evaluations, portfolio reviews & more). Verisite Photo Reports, Verisite Collateral Data & Verisite Plus use mobile technology for safe & efficient property inspection reports & collateral valuation data.
Property Detail Report
The comprehensive Property Detail report is used when Freddie Mac issues an appraisal waiver. The report provides a summary by category and includes everything you need to know about a property (location, owner, history, tax, zoning, flood info, property characteristics, listing info, etc.).
Background Screening Reports
Are you hiring new staff? Look no further! Let us help you with employment credit reports & criminal background screening products for employment purposes.
Commercial Credit Reports
Need to know who you're doing business with & understand the financial health of potential business partners? You’ll have the deepest level of insight into the validity, financial stability & performance of businesses from a full suite of easily accessible B2B solutions to assist your decision-making process: scores, tradelines, payment trends, open accounts, public records & more (Experian, Equifax, and D&B Business Credit Reports). Several reports are available, varying by the information and detail required. Several billing & pricing options to fit your needs, including order as need or subscription.
