Stop Undisclosed Loan Blockers Today With Notifications!
Repurchases can be very detrimental to your business and with CIC Undisclosed Debt Monitoring & Notification Services™, you can have peace of mind that a repurchase demand will be adverted. Fannie Mae’s Loan Quality Initiative guidelines recommends that lenders have processes in place to facilitate borrower disclosure of changes in financial circumstances throughout the origination process.
CIC Credit’s technology partner, MeridianLink®, has created an innovative three bureau monitoring and notification process. Now you can access all three major credit repositories and monitor debt during the loan process. CIC also offers batch processing for quicker usage of the products.
According to Equifax®, “most new trades appear within 28 days of closing”
Undisclosed Debt Services™ include:
- Monitor for new tradelines, inquiries, and second reissues
- Monitor late payments
- Monitor for bankruptcy, lien, and judgment
- Monitor recent credit usage
- Retro credit report look back
Please contact a CIC account manager to setup your free demo of Undisclosed Debt Services.