Refresh Reports (FNMA LQI)

Refresh Reports (FNMA LQI)

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.


  • the consumer’s credit score is not affected
  • the report checks for new debts
  • reduces pre-qualification costs
  • it complies with Fannie Mae’s Loan Quality Initiative Guidelines

You might consider an alternative, Undisclosed Debt MonitoringTM (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. For more information, click here.

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