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Most
widely available and accepted credit reporting solution
First American CREDCO’s Instant Merge is the most
widely available and accepted merged credit reporting
solution in the mortgage industry. Combining credit
data from one, two or all three national credit bureaus
into a convenient single report in a common format,
it’s an ideal fit for most lending situations.
Utilizing our patented Merge Logic, Instant Merge allows
you to get an accurate and balanced representation of
your borrower’s credit history. Only the most
accurate and up-to-date tradelines appear on the report,
giving you a more complete picture of your client’s
credit history than could be obtained otherwise.
Product Highlights
- Available on major industry platforms
- Automatically delivers your choice
of risk scores, score disclosures and Notice to
Home Loan Applicant
- Details demographic information,
current and historical tradeline details, and public
records and inquiries
- Delivered in seconds via the
Internet, our desktop software, your LOS or other
customizable solution
- Business credit reporting available,
including builder reports
- Mortgage Only Credit Reports
available for home equity and refinance loans
- Product upgrades available for
more thorough credit analysis
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UPGRADES
In some cases, you may require additional investigation of
items on an Instant Merge report. Depending on the number
and type of items being investigated, you’ll want to upgrade
to a Merge Plus or RMCR.
Merge Plus
Merge Plus is a supplemental report that provides details
on one to three flagged items from the Instant Merge report.
Merge Plus saves you the time and expense of researching credit
of borrowers who don’t need a full RMCR. It investigates balances
open for accounts older than 90 days, accounts in dispute
or severe delinquency, credit tradelines added since the borrower
submitted the loan application and employment history.
Residential Mortgage
Credit Report
First American CREDCO’s RMCR is our most comprehensive and
complete credit solution. Meeting or exceeding Fannie Mae,
Freddie Mac, HUD and industry standards, it’s the ideal
report for complex credit histories that require verification
of four or more items. Our RMCR provides fully researched
tradelines, credit data, public records data, and employment
and residence records. It also includes separate information
going back two to seven years for both the borrower and coborrower. |
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