QUESTIONS FOR MORTGAGE AND RELATED CREDIT PRODUCTS

Q.  Do you offer RMCRs and if so what is the differance between a RMCR and a merged credit report?

A.  Yes, we do offer RMCRs. 

An RMCR is a credit report where all employments, trade lines and public records are reported or verified within the last 60 days.

A merged report, just takes the data from two or three bureaus (Experian, TransUnion and Equifax) and combines them into one report.  If a creditor has reported to more than one credit bureau, the merged report will show just one trade line and it should list each of the reporting agencies.

Q.  Can you up date a merged credit report?

Yes.  Our system, MCL Mortgage Reports, allows the lender to request a trade line to be updated or added if the information is not on the report or if the information is incorrect.  The lender can do this on-line from the program.

If the information is incorrect, we can also contact the offending credit bureau(s) and dispute the incorrect information.

Q.  Do you offer flood determination or life of loan services?

A.  Yes.  We offer flood products from: First Lenders Data, FIS Flood Services, LandAmerica Lender Services, CBC Flood Services and Stewart Mortgage Information.

Q.  Do you offer AVMs and if so what are they?

A.  Yes.  We offer AVMs, Automated Valuation Models.  These are on line appraisals of property.  We offer AVMs from:  HVE, CASA, HPA, PASS, ValuePoint4, ValueWizard and Net-Value.

Q.  Is your merged program compatable with LOSs (Loan original Software)?

A.  Yes.  We work with many LOSs, including:  Calyx Point, BYTE/BYTEPRO, SOUND, Pipeline, Genesis, Contour, ARTA, AgentX, Delphi AppliDocs, Discovery, Integra, FICS and Eastern Empower.  We also have a single user X!2 and a MBA86 interface.

If you don't have a LOS, our system has a prepopulated Form 1003, Adverse Action notice, Score Notice and a consumer copy of the report.   All these features are included for no added fees!