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Apr
7
Trended Data & DU Risk Assessment
Posted by Jonathan Forrester on 07 April 2016 11:56 AM

Trended Credit Data Improves DU Risk Assessment and Supports Access to Mortgage Credit

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Apr
7
Trended Data
Posted by Jonathan Forrester on 07 April 2016 11:29 AM

What does this mean for you?

Confident credit risk underwriting is contingent upon successfully predicting consumer behavior in the future. The ability to see how a consumer’s credit activity
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Feb
5
New House bill would end 'FICO monopoly' at Fannie Mae, Freddie Mac
Posted by Jonathan Forrester on 05 February 2016 11:41 AM

A bill introduced Thursday in the House of Representatives would allow Fannie Mae and Freddie Mac to consider alternative credit-scoring models beyond the FICO credit score the government-sponsored enterprises currently use when determining what loans to purchase.

The bill, which is entitled the “Credit Score Competition Act of 2015,” was introduced Thursday by Rep. Ed Royce, R-CA., and Rep. Terri Sewell,
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Nov
13
Impact Free Credit Report
Posted by Jonathan Forrester on 13 November 2015 04:41 PM
Impact free credit report gives you the ability to pull Experian and Transunion credit reports without an inquiry impact. 
 
The report will provide a FICO score. No impact inquiry, results in no impact to the credit score. Once qualified, a hard pull can be made and used for underwriting.
 
This process may reduce the number of hard pulls and maintain the borrower's
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