Informative Research, a mortgage credit solutions provider, has published its “Risk-Based Pricing Notice for Mortgage Lenders White Paper.” Effective Jan. 1, 2011, companies that use a credit report or score in connection with a credit decision must send a specific "risk-based pricing notice" to consumers regarding their loan pricing. The Fed provided a specific exception to mortgage lenders to meet the requirement by adding enriched information on the Credit Score Disclosure form. In the White Paper, Informative Research explains the exception and gives specific information about what lenders are required to provide borrowers, quoting the Federal Reserve Board’s specific language regarding mortgage lenders. “While the Risk-Based Pricing Rule applies to all lenders, there is a variation on the requirement for mortgage lenders,” said Brad Kelso, executive vice president of sales and marketing at Informative Research. “The solution being offered to the mortgage industry, while simplified in comparison to other risk-based creditors, requires that specific "reasons" behind the score be disclosed to the consumer. Access to this specific data is generally only available from the credit bureau directly or through a credit reseller. The Credit Disclosure form that Informative Research provides will be expanded to include all the items required under the law, including the reasons.” To receive a copy of the White Paper, e-mail Donovan Williams at [email protected]. For more information, visit www.informativeresearch.com.