Process loans with a peace-of-mind knowing borrowers aren't hiding key information with Refresh Reports
With a Refresh Report, you can obtain an updated copy of the borrower’s credit report through use of a “soft inquiry.” Done generally just before a loan is closed, it ensures that the borrower’s credit does not contain any additional debt or credit inquiries that may disqualify them from obtaining the loan. You may request your Refresh Reports either with or without scores
Why Credit Technologies
Refresh Reports allow you to make better, calculated decisions without the impact
The Consumer’s Credit Score is Not Affected
Refresh Reports Checks for New Debts
Reduces Pre-Qualification Costs
Complies with Fannie Mae’s Loan Quality Initiative Guidelines
You might consider an alternative, Undisclosed Debt Monitoring™ (UDM), developed by Equifax, which monitors a borrower’s files for increased credit activity during the quiet period between the original credit file pull and loan closing.