Prevent Last-Minute Loan Fallout with Loan Quality Debt Monitoring

CoreLogic Credco’s Loan Quality Debt Monitoring (LQDM) is designed to reduce last-minute loan fallout and costly buybacks while meeting Fannie Mae’s Loan Quality Initiative.

Our solution delivers actionable alerts when a borrower’s credit profile changes during the “quiet period” between the initial credit report pull and the loan funding. Give yourself protection from delays and even the potential for a complete halt to an application that can keep a transaction from closing – and avoid the resulting need to buy the loan back or having to sell the loan at a loss through a “scratch and dent” situation.

Stay Ahead of Credit Profile Changes with Real-Time Alerts

Our Loan Quality Debt Monitoring solution helps you identify areas of risk and prevents fallout by scanning the borrower’s credit profile and delivering real-time alerts on any changes that may affect your lending decision. Potential changes are investigated, documented and resolved before they become an issue.

Undisclosed Debt Monitoring Through the Origination Lifecycle

Feel secure with the knowledge that your borrower’s credit account is being monitored on all three credit bureaus. If a change occurs on one, two – or all three bureaus, you’ll be notified immediately.

An Intuitive Process That’s Simple, Secure and Scalable

We’ve made navigating the continuous ins and outs of the debt monitoring process easy, with our protected and instinctive web-based interface.

  • Set high, medium or low default – and change the setting based on your needs
  • Seamlessly integrate into the current loan process and lifecycle
  • Receive continuous protection throughout the loan process
  • Preset to the date when the credit pull was initiated

Fully Integrated with the Encompass LOS Software

CoreLogic has partnered with ICE Mortgage Technology to integrate 13 core solutions critical to the underwriting process – including AutomatIQ Borrower LQDM – into Encompass Partner Connect. You’ll have the ability to easily subscribe, unsubscribe, and receive alerts and notifications.