Undisclosed Debt Notifications (UDN)

Monitor borrower credit activity from application to closing with automated alerts for new debts and inquiries.

Protect Against Surprises Throughout the Loan Process

New credit obligations between application and closing can derail loans at the last moment. SettlementOne’s Undisclosed Debt Monitoring (UDM) provides continuous surveillance of borrower credit activity, alerting you immediately to new accounts, inquiries, or changes that could impact loan qualification or terms.

This proactive monitoring service has become essential in today’s lending environment, where borrowers may not understand the impact of opening new accounts or may forget to disclose recent credit activity. By identifying issues early, you can address them before they threaten closing timelines or loan approvals.

Key Features

Continuous Monitoring: surveillance from application through closing
Instant Alerts: Real-time notifications of new credit activity
Inquiry Tracking: Monitor both hard and soft credit inquiries
New Account Detection: Immediate alerts for opened credit lines
Balance Monitoring: Track significant balance increases on existing accounts

How It Works

Once activated, UDM continuously monitors all three credit bureaus for changes to your borrowers’ credit profiles. When new activity is detected—whether a credit inquiry, new account, or significant balance change – our system immediately generates alerts. These notifications flow directly into your workflow, allowing quick assessment and borrower communication to resolve issues before they impact closings.

Common Detection Scenarios

Furniture Financing:

Catch borrowers who finance furniture purchases before closing, potentially affecting DTI ratios.

Vehicle Purchases:

Identify new auto loans that could disqualify borrowers or require loan restructuring.

Credit Card Applications:

Detect new revolving accounts that impact credit scores and debt calculations.

Why SettlementOne

Our UDM service provides peace of mind throughout the loan process. With sophisticated monitoring algorithms and instant alert delivery, we help you avoid closing-day surprises that frustrate all parties. The service integrates seamlessly with your existing SettlementOne credit reports, providing comprehensive risk management from application to funding.

Keep Every Loan Moving Forward

SettlementOne empowers lenders with trusted credit and verification solutions that simplify workflows and reduce borrower risk so you can focus on closing with confidence.

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