Log in here if you have received your password for on-line internet mortgage reports
Log in here if you have received your password for on-line internet
mortgage reports
A current, updated credit report is called a
Residential
Mortgage Credit Report (RMCR).
By Federal regulation, these credit reports must
have
information from at least two (2) of the three
national repositories (Experian, TU and Equifax).
The information must not be more than 3 months
old and employment must be verified. The credit
grantor requesting the report must have a signed
application authorizing the credit report. If the
credit grantor requesting the credit report is not the
lender, the Credit Bureau must contact the Borrower and
verify the Employment, Address and
marital status of the Borrower.
Many financial institutions use the RMCR for
business
loans. These make very good reports for loans
to small business men and women. They provide
updated
and current information on the principle
borrowers of the small business. Since many small
businesses have little or no credit with Experian
Business Reports or other business reporting services,
the RMCR is the prefect report for the owners
of small businesses.
Our Mortgage reports include the Credit Score notice, the Consumer
Copy
of the credit report and a pre-populated
form 1003 at no additional charge.
You can now order and receive your merged and RMCRs over the internet.
First you need MS Internet Explorer 6.0.
Second, you must have your user name and password. If you are
not already a member, you need to sign a Service
Agreement and a request of online authorization.
When you order a report, you will get a merged report within 30 to
40
seconds. You can print it out and review it.
If you do not need anymore information or a RMCR you are done.
About the only services we won't offer are Voice Mail, a Menu phone
system or an answering machine.
When you
call us you will get someone to help you!!
If needed, you have 30 days to order a RMCR.
Fees for our Online Mortgage Reports:
| Individual | Ind. with Credit Scores | Joint | Joint with Credit Scores | |
| Single Bureau Mortgage | $ 3.00 | $ 3.70 | $ 5.00 | $ 6.40 |
| Two Bureau Merged |
$11.00 | $12.40 | $15.00 | $17.80 |
| Three Bureau Merged | $14.00 | $16.10 | $17.00 | $21.20 |
| Other Mortgage products: |
||||
| Flood Determination: |
$13.00 |
Flood Life of Loan: |
$18.00 |
|
| CreditXpert: |
$10.00 per person per bureau |
What if Simulation: |
$ 6.00 per person per bureau |
|
| Income Tax Verification: |
$20.00 for 1 year |
$25.00 for 2 years |
$30.00 for 3 years |
|
| Rapid Rescore: |
$55.00 per tradeline per bureau,
per person |
$10.00 Employment
verification or Tradeline verification |
$25.00 AVMs |
$100.00 Property Reports |
| $2.00 Comparison Reports |
Refresh Reports (soft inquiry) |
$1.00 Authentication
Services |
$2.50 Fraud Shield and I.
D. Risk Review |
$65.00 Fast & Legal
Vesting |
If you wish to upgrade to a RMCR, the fee is $20.00 (in addition to
the merged fee.)
TRANSFERABILITY!!
If you sell your mortgage loan, you can go to our web
site and transfer the certificate to the new owner of the mortgage.
There is no extra fee for transferring the certificate.
If you are not set up to get your Life of Loan
determination
from us, CALL US TODAY. 888-852-2574.
Discription
of Merged and Mortgage products
FAAM - Facta Act Automatic Mailing & Risk Based Lending Notice $
3.00. No need to worry if your Loan processors have
complied. We will mail the Score Notices and the Risk Based
Lending notices for you each day.
Red Flag: Experian Fraud Shield and ID Risk
Review and TransUnion Hawk/Fraud Search.
IDV - Identification
Verifications: Experian Soc. Sec. Search and Level One
Authentication Services.
Credit Assure: This service tells you the potential score
increase.
Credit Radar: This service tells you what the score will be in 30
days if nothing changes or what it will go down if new accounts are
opened or charges added.
Credit Expert: Detailed report on what is good and bad and why
for each trade line. It also tells the consumer what needs to be
done to raise the score. (This does not make you a credit
counselor. You are telling them what needs to be done, not how to
do it.)
What if Statement: The allow you to examine each trade line
and adjust it’s balance or status and see the resulting change in their
score.
Refresh Credit Reports: A new report, but it does not count
against the consumers credit score.
Comparison Report:. Compares, line by line, the current
credit report to previous reports.
Unmerged Reports: Allows you to remove one borrower and
create a new file number.
Application Data Validation Report: ID Investigation, Address
History, bankrupties, Subject Property, FHA HPI estimated value, FEMA
declared disasters, Perticipant validation, Employer ID, Summary of
findings
ID Investigation Report: Name, address, Phone, SSN, Death Master File, DOB, OFAC, FinCEN, Risk Score, Suspicious address
Participant Report: Ensure all partiipants are not on key excluded party lists - OFAC-SDN, GSA-EPLS, HUD-LDP
Participant Monitoring, (fee/name/month) Daily monitoring of staff and vendors agaist the exception lists and appraiser license status
MERS SSN Lien Report
Occupancy Address History Report - List of current and prior
addersses and phone numbers for an individual.
Person Report: Detailed report on an individual - SSN,
DOB, DL Check, Name, AKA, Phone #s, address history, Property,
Vehicles,
Bankrupties, liens, judgements, criminal records
MCL interfaces with most loan origination software (LOS),
including Fannie Mae, Freddie Mac, Point, Bytepro and ARTA
Flood determination and life of loan are available from four different
companies: LPS , LERETA LLC, CBC or Wolters Kluwer. $18.00
Loans PQ, Xpress Accounts and LendingQB. Complete in-house and/or
online system for opening and processing new loans, checking and
savings accounts and storing the documentation.
Call us or e-mail us if you have any questions or need a service
activated.
11/26/10