Cascade Undisclosed Debt Monitoring
Blind Spot Protection from Credit Pull to Closing
Borrowers can and do incur additional debt in the time between application and closing, leaving you vulnerable to fallout or repurchase risk.
Modernizing Your UDM Approach
Get the intel you need to prevent the surprises at closing that can lead to fallout with Cascade undisclosed debt monitoring (UDM). Cascade UDM automates monitoring of one or all of your borrowers’ credit activity, providing daily insight and immediate alerts throughout the entire mortgage manufacturing process, including:
- New tradelines
- New inquiries
- Late payments
- Debt-to-income increases
- Payment increases
- Collection items
- And more
Offers Customizable Alerts
Receive immediate alerts when activity occurs to your borrower’s credit report via email or through API.
Enhances Operational Oversight
Daily summary reports offer a comprehensive view of files with new activity alerts in the past 24 hours and allow your operation to control what information is in the alerts and which files are monitored.
Streamlines Workflows & Underwriting
Hassle-free integration seamlessly incorporated into your process. Active borrower alert-based monitoring enables you to focus only on files that require additional review.
Minimize Fall Out
Prevent costly repurchase demands and avoid last-minute issues with closing that can lead to loan fallout by identifying new borrower financial activity.
Improves LQI Compliance
Meet secondary market loan quality standards, improve the health of your portfolio, and increase confidence levels of investors, mortgage insurers and regulators.
See Our Fraud & Risk Solutions in Action!
From comprehensive, investor-approved ADV-120 Fraud Reports to Flex ID Smart Select Shield to Undisclosed Debt Monitoring, our solutions not only prevent fraud at the earliest stages of the mortgage process but also protect you from unnecessary costs by verifying critical entry errors. Learn how you can benefit from our Fraud & Risk Mitigation solutions by requestion a demo with our fraud experts!
What is UDM & Why Does it Matter?
The job of qualifying your borrowers doesn’t stop after that initial credit pull. Some mortgage applicants incur undisclosed debt during the “quiet period,” which is the time that takes place between the initial credit pull and loan closing. Catching this undisclosed debt is crucial if you want to avoid costly fallout and repurchase demands. Undisclosed debt monitoring (UDM) is a tool you can use to combat the risks of undisclosed debt. Learn how UDM works and why its critical to your mortgage manufacturing process.
More Than Just a Score
At Certified Credit, we deliver more than just a score. We provide industry-leading information and analytics with the expertise and technology you can rely on to fuel your business.
- Credit Reports
- Fraud & Risk Mitigation
- Employment Screening
- Score Improvement Tools
- Third-Party Verifications
- Client Acquisition & Retention
- Tenant Screening
How Undisclosed Debt Impacts Repurchase Risk & Fraud Mitigation?
Fraud and repurchase risk are two notable concerns within the mortgage industry. Fortunately, you can protect yourself from mortgage fraud and repurchase risk with the help of undisclosed debt monitoring (UDM). UDM helps lenders detect potential misrepresentation and fraudulent transactions, while also continuously monitoring for credit activity that could increase your borrowers DTI ratio or impact their eligibility for the loan terms. Learn how UDM can streamline your workflows and help you maintain higher loan quality standards efficiently.
"Certified Credit's thorough and speedy answers have made a world of difference for my business! I absolutely value our partnership."