| CREDIT
REPORTING SERVICES |
- We
offer single, double, or three-merged infile reports
instantly from Equifax, TransUnion, or Experian. To view
a sample
report, click
here.
- Single
infile reports can easily be upgraded to a double or
three-merged infile report, as well. If upgraded within
30 days, you receive credit for the single infile and
only
pay for the double or three-merged infile report.
- Equifax’s SAFESCAN® fraud
prevention service and Experian's OFAC Alert
Service is standard on all reports.
- FICO credit
scores standard on all reports.
- Easily
order and receive supplement requests via the internet
at XpertOnline.
- View
detailed billing and management reports via XpertOnline.
- Several
different sort options to choose from when formatting
report data (i.e. Declining Balances, Derog. Info. first
or last, etc…).
- RMCR’s – we
offer traditional and non-traditional Residential Mortgage
Credit Reports. Residential Mortgage Credit Reports are
normally completed within 48 hours from receipt of the
request.
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CREDIT XPERT |
CreditXpert® empowers you with fresh insights to uncover opportunities and make more informed decisions. A better way to manage applications and build relationships, CreditXpert enables you to adopt a consultative approach and truly serve as a trusted advisor. By improving the lending experience while introducing new business options, you close more loans.
CreditXpert empowers every individual working with applicants by providing helpful insights, predictions, and analysis. You can quickly explore options, communicate with applicants, and confidently take action and better yet, all of the CreditXpert products listed below may be used in conjunction with our RE-SCORE Service to help expedite the process of updating a consumer’s credit file to obtain updated credit information and scores from all 3 national credit bureaus within 2 to 3 days.
- WHAT-IF SIMULATOR™ - The CreditXpert What-If Simulator™ allows users to simulate the results of actions before taking them so they can understand and test the impact that actions will have on credit scores. Users select pre-defined scenarios (such as, increasing or decreasing balances, opening or closing accounts, transferring balances, etc.) or customize a scenario to experiment on specific accounts. By exploring scenarios, consumers can learn if the actions are good or bad for their credit.
- ESSENTIALS™ - The CreditXpert Essentials™ provides a quick and easy way to identify each applicant’s potential score improvement and the specific actions necessary, including how much cash is needed. Essentials also provides a detailed analysis that breaks down an applicant's credit and identifies the top positive and negative factors, as well as their related tradelines and also allows you to experiment with available cash amounts and what the desired score improvement is.
- DETECTIVE™ - CreditXpert Detective finds potential updates – even the ones that you may overlook. By scrutinizing the data within a particular credit report and comparing it against credit reports from the other bureaus, you can rest assured that no stone is left unturned. CreditXpert Detective is flexible and works the way you want: use it to find all potential updates or just as many updates as you need to raise the score a specified amount.
- CREDIT ASSURE™ - is the first service that automatically scans credit files for opportunities to raise credit scores based on accuracy or credit management updates. Credit Assure inspects every file so you don’t have to and alerts you to opportunities and how big they are, so you don't miss out. Running in the background, scanning all your files, and utilizing proven CreditXpert optimization and simulation technology, Credit Assure automatically presents findings on every file. You don't need to know anything about credit scoring or spend time scouring credit reports-Credit Assure gives you the answers.
Better yet, Credit Assure only runs on those reports that you need it on. By setting a middle cutoff score, when a credit report is pulled and the middle score is over a certain number, Credit Assure does not run and does not appear on the report, however, if the middle score is below a certain number, Credit Assure does display on the report and provides you with potential score improvement results and provides you with a link to log directly into XpertOnline to utilize the recommended CreditXpert score simulation product – Essentials or Detective to find out the recommended actions to take to help achieve the potential score improvement.
To view a sample of how Credit Assure displays on our reports, click here.
For more detailed information about the above CreditXpert products, please click here.
CreditXpert® is a registered trademark of CreditXpert Inc.
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Credit Radar™ is a new cover page to your mortgage credit report that at glance makes it easier to use then ever before. You’ll be able to instantly size up your loan applicants and spot any critical issues – all without digging through the actual credit report.
Key Components of Credit Radar:
- Mid-score Forecast
Forecasts the mid-score for each applicant in 30 days so you know if there may be any problems at closing.
- Mid-score risk
Lets you know if nominal increases in revolving balances will put the mid-score at risk of dropping.
- Key Indicators
Tells you if there is something that requires your attention or not.
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|
| RE-SCORE |
- An
expedited process whereby a consumer’s credit file
can be updated at the bureau level with Equifax, TransUnion,
or Experian, and new FICO credit scores can be accessed
usually within 2-3 business days.
-
Process
requires certain documentation in order to be processed
by the 3 national credit bureaus.
- Scores
may or may not change as a result of the Re-Score process.
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| FANNIE
MAE CONNECTIVITY VIA DU/DO |
- Reports
may be processed directly through DU/DO or a pre-qualify,
merged credit report may be ordered to help determine
if the report should be processed through DU/DO. All
pre-qualify reports are assigned a Fannie Mae re-issue
number so they may be easily sent through DU/DO for processing
without having to pull a new credit report in DU/DO.
- Tradeline
update services available via XpertOnline.
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| FREDDIE
MAC CONNECTIVITY VIA LP |
- Availability
to order three-merged infiles through LP.
- Tradeline
update services available via XpertOnline.
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SSN-MatchDIRECT™ verifies whether a name and Social Security Number (SSN) combination match the data in SSA’s records. SSN-MatchDIRECT™ is the result from processing the signed consent Form SSA-89. The Form SSA-89 is currently the only way to verify a Social Security Number 100% directly from the SSA.
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| TAX RETURN & W2 VERIFICATION REPORTS |
- Receive
a 1, 2, or 3-year verification of tax return information
on an individual or business directly from the IRS. Reports
are normally returned within 1-2 business days. W2 Verifications are also available and are normally returned within 2-4 business days.
- Process
requires a signed and current dated Form 4506 by the
consumer
.
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| MORTGAGE FRAUD REPORT (MFR) |
The Mortgage Fraud Report (MFR) is a 30 second product that instantly accesses and validates data across billions of public records from the leading national databases to detect discrepancies in:
- Borrower ID
- Liens
- Subject Property
- Employment
Below is a chart that outlines each unique report and the type of data that is checked/verified. To view more information regarding the MFR as well as a sample MFR that contains all components of the verification process, click here.
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- We currently offer complete flood services through LPS National Flood, a division of Lender Processing Services (NYSE:LPS).
- LPS National Flood is the only flood vendor that offers the exclusive product CertMap. This free, custom product is an aerial view of the property overlaid with the FEMA Special Flood Hazard Area map. This product allows your team to visually identify the proximity to a flood zone.
-
 gives
you a fast, flexible way to order and manage multiple
mortgage products from a variety
of quality providers all from within one web-based platform.
You can also access your reports anytime, anywhere through
the Sharperlending web site.
- To
learn more about the platform
and to view a complete list of the products and services
available via this platform, click
here.
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