Tri-Merge Credit Reports with Trended History
Understanding a borrower’s credit capacity, character and collateral issues is key to making sound risk decisions in today’s economy. Trended Credit*Hi-Lite™, Equifax’s flagship tri-merge credit report, provides current, reliable consumer credit data from all three major credit reporting agencies – and now contains trended* data. This expands the credit information used for evaluating a home loan applicant by supplementing the traditional moment-in-time snapshot of an applicant’s credit balances with a more dynamic two-year view of payments and balances.
*Only versions from Equifax and TransUnion will contain trended credit data
- Seamlessly pull borrower credit reports directly into the Floify yellow bucket, ready for your review.
- Credit pull can be automated upon a Floify 1003 loan app submission.
- Reports can be easily ordered on a one-off basis from within a loan flow.
- Liabilities found on a borrower’s credit report can be automatically recorded on a 1003 loan application, and Encompass or LendingQB LOS systems.
Whether you automate the credit pull during submission of a loan application, or manually order reports, the Equifax Trended Credit*Hi-Lite App keeps all borrower documentation securely under one dashboard.
Equifax is a global information solutions company that uses trusted unique data, innovative analytics, technology and industry expertise to power organizations and individuals around the world by transforming knowledge into insights that help make more informed business and personal decisions. The company organizes, assimilates and analyzes data on more than 820 million consumers and more than 91 million businesses worldwide, and its database includes employee data contributed from more than 7,100 employers.
Headquartered in Atlanta, Ga., Equifax operates or has investments in 24 countries in North America, Central and South America, Europe and the Asia Pacific region. It is a member of Standard & Poor's (S&P) 500® Index, and its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. Equifax employs approximately 9,900 employees worldwide.