We invite you to experience the Birchwood difference. Fill out the form to the right and a representative will contact you with more information.
We invite you to experience the Birchwood difference. Fill out the form to the right and a representative will contact you with more information.
By developing Undisclosed Debt MonitoringTM, Equifax offers a simple, yet unique way to help lower loss severity rates, reduce reserve requirements and restore long-term confidence in the mortgage origination process.
Undisclosed Debt Monitoring reduces your loan repurchase risk and keeps your closings on track by continuously monitoring borrower files for increased credit activity during the quiet period between the original credit file pull and loan closing.
There's a blind spot or "quiet period" that occurs during the mortgage origination process - the time between the original credit file pull and the closing of the loan. Nearly 14 percent of all mortgage borrowers, including those with solid credit scores and debt-to-income (DTI) ratios, apply for at least one new trade line during this period.
A mere 3 percent increase in DTI during the quiet period can derail the origination process and result in costly loan repurchase demands.
Undisclosed Debt Monitoring continuously monitors borrower files during the quiet period, providing daily alerts to lenders, mortgage insurers and investors about activity that may represent potential risk associated with mortgage loans in their pipelines.
To learn more about our Credit Reporting, Verification Services, Compliance Services and Property & Valuation Services, call us any time between 8:30 AM and 8:00 PM ET. Our expert, FCRA-certified staff will be standing by to answer your questions and deliver immediate assistance and the best experience available in the industry.
Birchwood Credit Services: Because you deserve better.
800-910-0015 | sales@birchwoodcreditservices.com
© Birchwood Credit Services 2021. Web Development by CommonPlaces Interactive