First American CREDCO - Anthem Report: Collect, Assess and Verify Non-traditional Credit Information

Anthem Report
Collect, Assess and Verify Non-traditional Credit Information

As part of First American CREDCO’s Anthem Suite of Services, the Anthem Report offers the most cost-effective mortgage credit reporting solution for consumers with little or no credit history. This powerful reporting tool delivers accurate, verified non-traditional credit data – along with a unique score – in an easy-to-use format that allows lenders to qualify and write more loans. The Anthem Report is accepted wherever alternative credit data is honored.

Product Highlights

Qualify and write more loans on consumers with little or no credit history
Accepted wherever alternative credit data is honored
Delivers a 100% hit rate for “thin” or “no file” applicants
Completed in 24-48 hours. Make lending decisions faster and more consistently across all consumer files
Minimize training, cost and time of internal resources, freeing you for greater productivity
Protects originator and investor from fraudulent credit claims
Provides underwriting score for “no score” files, and risk support for “thin” files
Anthem Credit Score Disclosure (CSD) is included free of charge with every report ordered to comply with Section 212 of the FACT Act

Anthem Report

Download the latest Anthem Report datasheet

Get Adobe Reader

Capture a broader credit history
When you order an Instant Merge credit report on a borrower who has a thin or no credit file, the Anthem Report first utilizes any available bureau data as a baseline. It then supplements any bureau data with non-traditional credit data, such as rent payments, utility bills and phone bills. The result is a fully compliant credit reporting solution that meets or exceeds mortgage loan underwriting and due diligence requirements, including HUD, FHA, Fannie Mae and Freddie Mac.

Serve a broader market
Anthem helps you build business for new homebuyers in a simple and compliant way, while meeting or exceeding lender loan requirements. FCRA-certified specialists research and verify all
Anthem Reports, and work closely with you to ensure your level of understanding of the credit data so you can make sound lending decisions.

Rely on industry experts
Outsourcing your non-traditional credit needs with First American CREDCO means your staff doesn’t have to become experts in collecting and verifying non-traditional credit data. Instead, you can rely on knowledgeable, trusted processors for reliable credit information, which frees you up to focus on expanding your market and growing your business.