Our LQI comparison report, automatic processing and mailing of required risk based pricing disclosures
At a glance, you will know if there are differences between your original, qualifying credit report and the Refresh report obtained just prior to closing. The side by side comparison view of both credit reports allows for a fast and easy review. The detailed color-coded Comparison Report highlights any changes between the reports and makes the LQI review process easy for your staff.
We automate the mailing of all FACTA mandated Risk Based Pricing Disclosures to your applicant(s) in compliance with federal regulations. You are issued a Compliance Certificate for your records; proof that Credit Technologies processes all FACTA mailings for your company. In the event of State, Lender or CFPB audit, a complete audit report is available providing all specifics and proof of mailing of every disclosure.
Costly data entry errors and additional costs for the SSA-89 can be eliminated with the Level One Authentication report. Attached to each credit report, this expanded fraud detection and identification report addresses many of FNMAs requirements. The report validates the applicant’s social security number by matching information provided from the Issued SSNs, Deceased SSNs and the Name, Social and Address databases from Social Security. It also provides a search result from the OFAC alert database.