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UDN – Product Highlight-Undisclosed Debt Notification

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