Evergreen, Colo., October 29, 2015 – Fannie Mae recently announced that they will require credit data used with Desktop Underwriter to include trended data beginning in 2016. The data provided by Equifax and TransUnion, will allow a better and more thorough analysis of the borrower’s credit history.
Advantage Credit, Inc. is gearing up for this new requirement on their credit reports. This change will give lenders access to monthly payment amounts that a consumer has made on their accounts allowing them to determine if the borrower routinely carries a balance on lines of credit or if they pay them off.
Advantage Credit, Inc. will continue to keep customers informed as progress is made toward this change.
About Fannie Mae
Fannie Mae enables people to buy, refinance, or rent homes. Visit us at http://www.fanniemae.com/progress. Follow us on Twitter: http://twitter.com/FannieMae.
About Advantage Credit
Advantage Credit Inc. is a national leading provider of mortgage and banking solutions, background and tenant screening and business credit solutions with corporate offices in Evergreen, Colorado. Advantage Credit Inc. has a proud 21-year history of providing superior customer service while leveraging the most advanced credit technologies for leading mortgage companies, banks and credit unions nationwide. For consecutive years, Advantage Credit was honored by being named as one of the top fifty mortgage service providers in the country by Mortgage Executive Magazine. For more information on Advantage Credit Inc., please visit www.advcredit.com.