Nearly 14% of all mortgage borrowers, including those with solid credit scores and debt-to-income (DTI) ratios, apply for at least one new trade line during this period. A mere 3% increase in DTI during the quiet period can derail the origination process and results in costly loan repurchase demands.

Undisclosed Debt Monitoring™ (UDM), developed by Equifax, continuously monitors a borrower’s files for increased credit activity during the quiet period between the original credit file pull and loan closing.