TheMReport — News and strategies for the evolving mortgage marketplace.
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* Visit Us at the MBA's 100th Annual Convention, Booth 414 1 in 5 it's closinG tiMe and… Of yOur bOrrOwers debt ARE YOU COMPLIANT? has added New Turn to Credit Plus for Undisclosed Debt Monitoring™ powered by Equifax®. Make sure you're in compliance with lQi and protected from buybacks. regulations are going to get tougher. the Gses are working on additional suggestions to make sure your loan is sell-ready in 2013. can you afford not to use Undisclosed debt Monitoring? • Monitors borrower's credit activity between the original credit file pull and the loan closing • Alerts you to suspicious activity concerning new tradelines, inquiries and secondary re-issues • Eliminates last-minute surprises that may affect closing • Protects against buyback or repurchase losses through insurance program backed by a-rated carriers and offered through Arthur J. Gallagher Risk Management Services, Inc. Undisc losed debt p r o tec ti o n at i ts fi nes t. c a l l t o d ay. * According to Equifax's whitepaper titled "Zooming in on Undisclosed Debt," published in January 2013, almost one fifth of all mortgage borrowers apply for at least one new tradeline during the "quiet period." © 2013 credit plus, inc. 800.258.3488 www.creditplus.com/undisclosed-debt-monitoring beyondbundled@creditplus.com