Increase prefunding vigilance. Prevent buybacks and rejections.
The time between preapproval and funding leaves ample opportunity for borrower credit changes, concurrent loan applications and exclusionary list updates. With increasing GSE scrutiny on loan quality, it’s important to reconfirm credit worthiness just before funding.
FinalCheck from CoreLogic Credco provides a quick, yet thorough, three-in-one check of important borrower characteristics to help prevent buybacks and rejections. Our three powerful compliance solutions—CreditCheck, AppCheck, and FraudCheck—instantly identify new credit lines, expose undisclosed loans, and screen against exclusionary lists right before you fund loans and submit them to the GSEs.
CreditCheck
Collects, organizes and compares any changes in tradelines, inquiries, balances, alerts and other credit profile factors that could surface between the initial prequalifying credit report and prefunding.
AppCheck
Identifies undisclosed applications, concurrent loans, and related fraud schemes by checking all real estate data against our proprietary loan application database and the MERS® loan registry.
FraudCheck
Screens borrowers and businesses—including name variations—against the HUD LDP, GSA EPLS and other exclusionary lists to help ensure investor acceptance of your loan submissions.
FinalCheck lets you make fast, reliable lending decisions to help ensure the integrity of each loan and avoid loan rejections and buybacks.
Get Started Today!
For more information on FinalCheck, please complete the form or call 866.774.3282 to speak with a CoreLogic product specialist.
