Credit Reports

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Lenders and loan processors rely on credit reports to make educated risk management decisions, so Simplified has partnered with Credit Plus to provide lenders with access to credit reports from top reporting agencies nationwide. Simplified also offers the new Undisclosed Debt Verification (UDV) from all three networks, which is now required by Fannie Mae as part of its Loan Quality Initiative (LQI) guidelines and by Freddie Mac under its Responsible Lending Guidelines.

Debt verification actively monitors a borrower’s file for new trade lines, changes in trade lines, inquiries, or secondary reissues for up to 120 days or until discontinued. UDV alerts lenders to changes in the report during the underwriting process, allowing you to avoid last-minute verifications or closing delays.

All borrower activity and information is provided for lenders in one user-friendly report with Simplified’s state-of-the-art ordering system.

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