From rising credit reporting costs to shifting regulatory requirements, the mortgage industry is undergoing significant changes that could affect your lending operations. As your operational demands evolve, so should your expectations of your credit provider. A strong credit provider should provide attentive support, efficient turnaround times, flexible technology, and transparent pricing. In 2027, you also need a partner that can … Read More
From eerie errors to ghost-like credit invisibility, many aspiring homeowners’ credit reports need some TLC before they’ll be mortgage-ready.
As a mortgage lender, you may rely on tri-merge credit reports, verification of employment (VOE), undisclosed debt monitoring (UDM), and automated valuation models (AVMs) to support your lending decisions. However, sourcing each of these solutions from different vendors can introduce unnecessary complexity into your workflows. Consider a loan processor who has to switch between four separate systems just to access … Read More
Cascade Undisclosed Debt Monitoring (UDM) helps you uncover changes to your borrowers’ credit activity that may affect their loan eligibility. By addressing these changes right away, you can reduce your risk of loan fallout and protect your applicants’ path to homeownership. While UDM is a valuable safeguard, simply having a tool in place doesn’t mean you’re using it to its … Read More
A standard credit report often leaves unexpected blind spots. Just consider this scenario: An applicant makes it through your credit and income verification without raising any major concerns. But when a judgment that wasn’t identified on the standard credit report surfaces later in the lending process, your team is left scrambling to address a liability you didn’t know existed. While … Read More
MBA Annual26 is right around the corner. During this event, which takes place from October 11–14, real estate finance professionals will gather in Chicago to learn from industry experts, explore emerging technologies, and examine the latest solutions. As a mortgage lender, attending this event allows you to meet potential vendors and evaluate their products and services. But after visiting several … Read More
