SIR’s Undisclosed Debt Monitoring (UDM) solution provides a valuable tool for lenders seeking to monitor borrower activity initiated during the “quiet period” which starts with the mortgage application and lasts up until closing. Such activity could jeopardize the applicant’s loan qualification status at closing time.
Through a streamlined and efficient technology platform, consumer activity is monitored 24/7/365 and lenders are alerted about changes that may represent risk associated with mortgage loans prior to closing.
SIR’s Check-Up Report is simple, Easy, and it’s free with the retrieval of a second credit report just before closing. This online interactive tool that quickly accesses a summary of credit report history changes between origination and closing. Check-Up orders a new report and highlights changes in any data from the original report including scores, tradelines, inquiries and collections. This comparison report is printable and it’s FREE. Check-Up is one of the most trusted credit analysis tools in the industry, and its available directly from a link from the original credit report.
SIR provides also offers a Direct Check Service that will investigate all recent inquiries made on borrower credit to verify if the inquiry resulted in new debt. This service offers expedient, cost effective assurance the debt information is accurate and current prior to closing.