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Wolters Kluwer Financial helps lenders and borrowers simplify closing process

National Mortgage Professional
Apr 16, 2008

Informative Research introduces new credit report and credit reporting featureMortgagePress.comreverse mortgage originations, borrower credit, property information Informative Research has introduced a new credit report designed exclusively for reverse mortgage originations. The report provides a mix of borrower credit and property information that can help reverse mortgage professionals "fast-forward" to a more streamlined closing. The new report consolidates FICO scores, mortgage-related tradelines, collections and employment data. It was created in response to the nationwide rise in reverse mortgage activity. Informative Research will also be offering a new Credit Advantage feature, provided free of charge on every Informative Research credit report. The Credit Advantage feature presents high, middle and low scores from all three credit bureaus in an easy-to-read table on the first page. Links below each score provide single-click access to the companys online credit simulation and optimization service offerings. Developed to help originators quickly identify the "middle," or medium scores used by many lenders to calculate borrower interest rates and determine loan program eligibility, the Credit Advantage feature saves valuable processing time. It places important bureau data up front and eliminates the need for a prolonged review of other borrower information, including collection accounts, bankruptcies, tax liens, foreclosures, wage garnishments, lawsuits and judgments that may be considered secondary to credit scores. Garden Grove, Calif.-based Informative Research is a provider of credit and mortgage-related information to the lending community. For more information, call (800) 473-4633 or visit www.informativeresearch.com.
Published
Apr 16, 2008
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