MORTGAGE REPORTING

MERGED CREDIT REPORTS

Our merged credit reports help you make better financial decisions by providing de-duplicated tradelines, multiple scoring from the three main repositories, sort order options, a variety of summaries available such as: File summary, Open Trade Summary, Identification Summary, and Adverse Information summary. The merged credit report is accessed in minutes.

RESIDENTIAL MORTGAGE CREDIT REPORTS
(RMCR)

Credit Bureau, Inc. takes the hassle out of converting a merged report into a RMCR by providing a fully automated request and retrieval system. Our Internet capabilities are designed to allow converting of merged reports into RMCR's with the click of a button: No more paper shuffling, it's all done directly through your PC. We will verify all trades that have not been updated in the last 90 days, add additional trades, and ensure that all employment data is current. All this information guaranteed in 24 -48 hours at a price you can afford. We even credit the cost of the merged report towards the price of the RMCR, if ordered with 30 days.

FLOOD CERTIFICATIONS

Securing your portfolio against the threat of high water has never been easier. Credit Bureau, Inc. can provide state of the art flood certifications (basic and life of loan) and HMDA/Census tracking. We offer you flexible, easy access to the full spectrum of flood-related services.

TAX RETURN VERIFICATION SERVICES

Why Tax Return Verification (TRV) ?

Mortgage Fraud is the second highest concern of the FBI Financial Institutions Fraud Unit, and represents about $30 Billion in losses annually. Fraudulent Tax Returns are involved in 40% of the applications contributing to mortgage fraud.

Fannie Mae and Freddie Mac requirements: you must now have a TRV for those that are self employed, those in a family owned business, and anyone who earns 25% of their income from commission.

An Effective Tool

Loan Originations
Borrower cannot locate tax returns, avoid delays at time of underwriting, wholesaler requirements, Fannie Mae/Freddie Mac requirements

Loan Underwriting
Underwriter suspects fraud and spots inconsistencies

Quality Assurance. Investor requirements, can be used as verification of employment, minimize repurchase risk, post-funding audits, portfolio protection and risk management.

FANNIE MAE, ELLIE MAE, & FREDDIE MAC
APPROVED VENDOR

We are an approved vendor (#194) and provide access codes to allow our system to interface with Fannie Mae's desktop origination system, as well as Ellie Mae's Genesis 2000 and Contour.

ACCESS

Our secured client website uses tabs to move quickly from screen to screen, compiles product selection, data entry, and ordering functionality all in one screen. Once the request returns, it includes Applicant and Co-Applicant and loan information, upgrade capabilities, and unmerging into one screen. It decreases download time with updates search capabilities, stores all received and unread requests on one tab and streamlines supplement requests. Our website offers you the fastest channel for Internet-based credit report access.

Our exciting new web technology is offering a central point of order and management for mortgage products - Flood, AVM, Title, Appraisal, Credit, Closing Docs and more! Sharper Lending is easy to use and easy to customize with your preferred vendors.

NON-TRADITIONAL MORTGAGE CREDIT REPORT

Occasionally you have a client that has little or no credit established. In this case you can order a non-traditional mortgage credit report. As a lender you will provide account numbers and contact information from various utility companies, current landlord, etc.. We will then call to verify payment history and other pertinent facts on your client and build a credit report that can be used in the industry.

PUBLIC RECORD BULLETIN

Excellent tool to track competitors, solicit new clients, and locate existing clients. The bulletin contains the following information: civil judgments, divorces granted and filed, chapter 13 and chapter 7 bankruptcy filed and discharged, recording of deed or mortgage, deaths, financing statements, federal and state tax liens paid and placed, and assumed names and co-partnerships.

MERGED CREDIT REPORT
Credit report containing information from up to 3 repositories, de-duplicated and available in minutes. Scoring is optional, and volume pricing is available.

RESIDENTIAL MORTGAGE CREDIT REPORTS(RMCR)
Credit report containing information from up to 3 repositories, de-duped and verified. Includes verification of all accounts that have not been verified in the last 90 days, employment verification and verification of additional liabilities not showing on the merged file that are provided by the consumer. These liabilities are added to the final report. Available in 24 -48 hours from request.

CREDIT BUREAU INC. is a family owned and operated business that has been supplying the mortgage industry with information services and a technology-based collection agency offering a wide menu of accounts receivable management tools and services for over 75 years. At Credit Bureau Inc., we believe in delivering quality products and service to each of our members. Our unique understanding guarantees our commitment to continually provide the best mortgage solutions and service available.