S1 Undisclosed Debt Monitoring service monitors pending mortgage applicants for undisclosed liabilities. This helps our clients meet Fannie Mae Loan Quality Initiatives (LQL) pre and post-closing.
Why Use S1 Undisclosed Debt Monitoring?
- The ability to order a single, double or tri-merge UDM (Equifax, TransUnion and Experian).
- Stay in compliance with Fannie Mae and Freddie Mac to identify undisclosed financial obligations.
- Save time and avoid delays in loan closing by quickly identifying critical changes on a borrower’s credit file.
- Lender Pipeline protection by identifying when a consumer is shopping for another mortgage.
For more information, download our product sheet.