is a turn-key compliance solution covering FCRA/FACTA (Red
Flag/Address mis-match), Bank Secrecy Act (Anti-Money laundering)
and FNMA Loan Quality (LQI) guidelines.
includes best practice solutions to minimize
risk and enhance compliance efforts including,
Compliance Certificate Service (FCS)
FACTA Compliance Certificate Service assumes your burden of complying with
12 CFR Part 222 / 16 CFR Parts 640 and 698 regarding the FACTA
Risk Based Pricing Disclosure requirements including,
Level One Authentication Services (AS1)
Services provide multiple identity verification, Red Flag and
Anti-Money Laundering detection tools, combined into a single,
color-coded report that can be reviewed
in just seconds. Up to 14 of the required 24 exemplary Red Flag detection items are scanned
dramatically simplifying compliance including,
Credit Radar and Credit Assure by CreditXpert
Credit Radar and Credit Assure are
automated credit analysis tools that instantly identifies critical
credit and score issues and opportunities. Revolutionary credit
intelligence in an
easy-to-read report that
insight into key information alerting you to items that impact
approval decisioning and rates/terms. Credit Radar includes credit
and score model trend data alerting you to exposure to last minute
FNMA LQI problems.
Credit Radar makes credit report review faster, easier and helps
avoid surprises later in the lending process.
FNMA LQI Comparison
Report and the LQI STAT team
comparison report instantly analyzes virtually every component of
the initial credit report and compares that data to the LQI refresh
report, generating a color coded report detailing any differences.
The comparison process will take just seconds, dramatically
simplifying compliance with FNMA “Undisclosed Liabilities”
Data comparison points include,
Existing tradelines including public
records and collections Balances
Payment amounts enabling easy recognition of DTI
Inquiries and FICO scores
Data Set changes (borrower names, addresses, Soc Sec, DOB…)
addition to largely automating a tedious and time consuming process, as a
minute issues associated with a LQI Refresh report are handled by
our specially trained LQI STAT team and receive the very highest
to your account, simply call
800.445.4922, option 1 or
send your request us
more information on
any Credit Technologies product or
service, please call us toll-free at 800.445.4922. We'll be
happy to answer any questions you may have. Not a member yet?
Thank you for
considering Credit Technologies.
This information information is an overview of
FNMA and FACTA requirements and does not contain the complete text of the act
or guidelines, nor
can it be construed in any way as legal advice. There is no guarantee
written or implied as to the accuracy or completeness of the
information contained in this document. Credit Technologies, Inc.
cannot provide legal advice on this or any other matter. Please
consult your compliance or legal department to ensure your compliance
with appropriate GSE requirements and State and Federal laws.