Mortgage Information Services

If you require an update to an infile, then take advantage of our Infile Plus Services. Again, with our great Same Day service.

For example:

• Landlord ratings
• Balance updates
• Mortgage ratings
• Public Records
• Add monthly payments
• Non-Traditional Credit Reports

Here’s more about our often praised NEXT DAY services.

• Interview of each borrower.
• Each borrower receives a copy of their credit report.
• Two years employment verification.
• Two years landlord rating.
• Verification of all collections.
• Detailed bankruptcy verification.
• Deferred dates on all student loans.
• Detailed hands-on public record and legal search.
• Verification of all disputed adverse information.
• Supplements: daily mailings and follow-up.

Rapid 48 hour Credit Score recalculation is an agreement between CISCO and the 3 national repositories. CISCO is able to submit the proper paperwork directly to the national bureaus and in 48 hours we are able to update the borrower’s credit report and change their Credit score(s).

We do not guarantee a Credit score change because of the many possible factors involved. However, we have experienced score changes of 30 to 40 and in some cases greater than 75 points.  Learn More

Monitor a borrower’s credit profile throughout the closing process!

Find potential issues or delays prior to closing; facilitates compliance, prevents buy back-loan repurchase, assists in improving the buyer (consumer) experience and helps to safeguard against last minute credit surprises.

Benefits

• Monitor a borrower’s credit profile for up to 120 days
• Ability to look back between 30-60 days
• Help ensure a surprise free and smooth closing process
• Deal with any credit issues earlier in the closing process

Highlights

• Get notified of any changes on a daily basis on new inquiries, new trade lines, new public records and new collections
• Get notifications from 1 , 2 or all 3 bureaus
• Detailed credit report information is appended on each alert such as balances, credit limit and open date
• Compliments the Refresh Report that is recommended to be pulled prior to closing

Available Notifications

• Public Record Bankruptcy
• Tradeline Bankruptcy
• Liens/Judgments
• Major Derogatory
• 30/60/90 Day Past Due
• Balance Increase Changes
• Increase in Scheduled Payment
• High Revolving Utilization/Over Credit Limit
• New Trades
• New Credit Inquiries

UDN Example

FCRA Approved LexisNexis RiskView Lien and Judgement Report

Verify Income and Employment with Speed and Certainty

A verification of income is necessary in order to help understand an applicant’s ability to pay. With consumer consent, an income verification from Equifax:

• Leverages The Work Number® database of income and employment records from over 5,500 employers nationwide, including over 75% of the Fortune 500 and the majority of federal government civilian employers
• Contains both basic employment information and detailed employer compensation data, including wages, bonuses, commissions, overtime and, if available, salary history and pay increase details
• Includes payroll data that comes direct from employers and is updated every payroll cycle
• Provides you with actionable data that is delivered within seconds

For those applicants whose information is not available instantly, a researched verifiction can be immediately initiated, whereby a team of verification specialists will manually complete the verification on your behalf. With hundreds of thousands of employers in our researched verifications database, our team can quickly connect with the right resources and perform fast and fully documented income verifications, generally in as little as one to three business days—a complete solution for all your verification needs.

VOE Example

CISCO Credit delivers Automated Asset Verification to completely replace the need to collect banking & brokerage statements Securely automate financial verification for all applicants. Automated Asset Verification stops fraud, eliminates manual processing, delivers account monitoring & account history options, and is accepted by Fannie Mae, Freddie Mac and nearly all investors, nationwide.

CISCO Credit is supporting Fannie Mae’s Day One Certainty™ by offering Verification of Deposits and Assets with AccountChek™ and The Work Number Verification services for verification of employment and income services.

An average of 5 hours is spent, per loan, on asset document collection, review and verification and the same document is collected and reviewed multiple times during the loan process. This manual verification is slow, costly & riddled with hidden fraud! Direct source validation stops fraud & saves time.

CISCO has partnered with AccountChek™ delivering a secure, online, real-time, compliant process that is patented and accepted by government sponsored enterprises, lenders and investors to validate deposits and assets. AccountChek™ is used by multiple industries, including mortgage, credit card, automobile, rental, real estate and other businesses, to eliminate the hassle required to obtain complete copies of bank statements and third-party validate the information.

A simple 3-step process verifies data in minutes:

• Login & Authorize – the borrower receives a notification with their AccountChek™ login.
• Connect & Verify – borrower connects their financial institutions & authorizes accounts.
• Submit – Requestor is sent deposit/asset report.

The AccountChek™ platform is integrated with CISCO Credit. Verify deposits and assets from the same platform used for credit reports and other services. A complete statement and 1006 form are delivered for each account requested. Verify up to 10 accounts on a single request.

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 score.

Credit Radar™ combines revolutionary credit intelligence and industry best practices into a simple, elegant page that is delivered automatically with every credit report.

• Mid-Score Forecast
• Mid-Score Risk
• Key Indicators
• Fast & Automatic

Credit Analyzer determines the best actions to take to maximize an applicant’s credit scores, so you know what to look for and what to do. Provides actions to improve score and the top factors that make your score higher.

Estimated new score and score gain after action taken. Use Credit Analyzer to find the most cost-effective way to achieve a particular score increase, or the maximum score increase for a given amount of cash.

Credit Analyzer Example

CreditXpert Detective finds potential updates, even the ones that you may overlook. By scrutinizing the data within a particular credit report and comparing it against credit reports from the other bureaus.

• Looks for missing, outdated or incorrect information.
• Determines likely replacement value.
• Checks value of any changes to determine what it’s worth to the score, if the change is not going to be of value to the score it will not alert you to correct.
• CreditXpert Detective does the comparison for you so you don’t have to examine every last detail of an applicant’s credit files.

Credit Analyzer with CreditXpert Example