TheMReport — News and strategies for the evolving mortgage marketplace.
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Th e M Rep o RT | 11 Department Copyright © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved. Equifax and EFX are registered trademarks of Equifax Inc. 14-3706_USISMORT_Undisclosed Debt Print Ad It's not always quiet during the quiet period Our research indicates that 14% of mortgage applicants obtain new debt during the "quiet period," the time between the initial credit file pull and the loan closing. Yet, a mere 3% increase in an applicant's debt-to-income (DTI) ratio can jeopardize financing and set off expensive repurchase demands. As the pioneering provider of Undisclosed Debt Monitoring™, the industry's original undisclosed debt tool, Equifax is trusted by nearly half of the nation's top 50 lenders. Now mortgage originators can spot and resolve potential issues — before closing — with daily alerts about new borrower credit activity during the quiet period that now include public records and collections. Get the edge you need to securely originate and underwrite more new home loans with greater confidence. For details, visit us at www.equifax.com/mortgage/UDM. Coming soon… The next evolution of Undisclosed Debt Monitoring. Stay tuned. WE DID. As the leader in detecting undisclosed debt, Equifax helps you tune in to ensure things stay quiet on the home front. DID YOU HEAR THAT? Copyright © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved. Equifax and EFX are registered trademarks of Equifax Inc. 14-3706_USISMORT_Undisclosed Debt Print Ad It's not always quiet during the quiet period Our research indicates that 14% of mortgage applicants obtain new debt during the "quiet period," the time between the initial credit file pull and the loan closing. Yet, a mere 3% increase in an applicant's debt-to-income (DTI) ratio can jeopardize financing and set off expensive repurchase demands. As the pioneering provider of Undisclosed Debt Monitoring™, the industry's original undisclosed debt tool, Equifax is trusted by nearly half of the nation's top 50 lenders. Now mortgage originators can spot and resolve potential issues — before closing — with daily alerts about new borrower credit activity during the quiet period that now include public records and collections. Get the edge you need to securely originate and underwrite more new home loans with greater confidence. For details, visit us at www.equifax.com/mortgage/UDM. Coming soon… The next evolution of Undisclosed Debt Monitoring. Stay tuned. WE DID. As the leader in detecting undisclosed debt, Equifax helps you tune in to ensure things stay quiet on the home front. DID YOU HEAR THAT?