Advertisement
LexisNexis RiskView Liens & Judgments Report Now Available as Part of Factual Data’s Credit Verification Services
Factual Data has announced that the LexisNexis RiskView Liens & Judgments Report is now available as part of its credit and capacity verification services for mortgage lenders. The new report, developed by LexisNexis Risk Solutions, provides lenders with liens and judgments data from the start of the loan process.
Factual Data aligned with LexisNexis Risk Solutions to integrate the RiskView Liens & Judgments Report to fill the void and continue customer access to the liens and judgments data from the beginning of the loan process. Using LexisNexis Risk Solutions’ Scalable Automated Linking Technology (SALT), big data processing and extensive public record sources, the solution collects the data and links it to the consumer with greater than 99 percent reliability. LexisNexis Risk Solutions has also revised its public record gathering processes to help ensure that it is providing comprehensive, current and correct data to lenders.
“Liens and judgments data are telling of a consumer’s true creditworthiness and level of risk,” said Jay Giesen, Senior Vice President of Factual Data. “Without most of this information in consumer credit reports, lenders may have to wait to discover this data later in the loan process and then switch into a reactive mode to mitigate delays, inefficiencies and negative consumer responses. Integrating the LexisNexis RiskView Liens and Judgments Report into our services ensures that our customers have reliable liens and judgments data available at the front end so they can be proactive and maintain a streamlined loan process–from origination to closing.”
About the author