Hot Issue: New Lender Condition
Most lenders now require a new condition before approval. This new condition requires that no account on a credit report has a dispute remark. When an account is in dispute, initiated either by consumer or credit grantor, the account is essentially hidden from the scoring model. Due to this, the lenders will not accept a loan until the dispute has been resolved or the dispute remark removed. A letter from the creditor that states the account is no longer in dispute, or a letter from the borrower that states the account is not in dispute will be sufficient to remove the remark through our flash rescore product. Please contact our office if you have any questions. Thank you.
Hot Product: Tax Return Verifications (TRV)
Looking for a quick and easy way to verify your borrower’s income? With our Tax Return Verification service, you can order the last 4 years of your client’s tax returns in two days. Most lenders are now accepting and using our TRVs. This can be ordered directly from our web site with a few clicks. Just enter your client’s information, print out the pre-populated 4506T form, have your client sign it, and upload the request back into our system. Your request will be transmitted to the IRS for processing, and be sent back to your computer in a pdf report all within two days.