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Announcing Integration Enhancement with Ellie Mae’s Encompass360 Mortgage Management Solution®

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Evergreen, Colo., May 23, 2013 – Advantage Credit Inc., a leading provider of credit reporting services, is pleased to announce that their proprietary Tax Transcript (4506T) products are now available through Ellie Mae’s Encompass360® mortgage management solution. This partnership will allow Encompass360® users to access Advantage Credit Tax Transcript services directly inside Encompass360®. The incorporation … Read more

Why Are FICO Scores Different on Mortgage Credit Reports?

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We all know there are differences in credit scores because of different scoring models (i.e. FICO,Vantage or other proprietary credit scores). Credit scores will also vary depending on the permissiblepurpose behind your accessing a credit report. For example, when a consumer applies for a credit card,the credit score delivered is different than the credit score … Read more

FinCen’s AML and SAR Requirements for Non-Bank Lenders

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What is it? The Financial Crimes Enforcement Network (FinCen), a Bureau of the Department of the Treasury, recently published final rules regarding the requirements for Residential Mortgage Lenders and Originators (RMLO) to establish a Customer Identification Program (CIP) anti money laundering program (AML) and file suspicious activity reports (SAR) under the Bank Secrecy Act (BSA). … Read more

New Advantage Credit Inc. Team Members!

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Advantage Credit Inc. is proud and excited to announce our new employees that have joined the Advantage Credit Inc. family. Cheryl Shufelt, Customer Service Manager, joined Advantage Credit in January, 2012. Prior to working at Advantage Credit, she has worked in the Banking and Mortgage industries for over 20 years where her roles included management, … Read more

Good News for Unemployed Borrowers!

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Fannie Mae and Freddie Mac announced they are modifying their forbearance policy to include unemployed borrowers as of Feb. 1, 2012. Current statistics show that 10% of the current delinquencies on FNMA and FMAC loans are due to unemployment so this policy change could help thousands of borrowers who are currently unemployed and struggling to … Read more

Blueberry Systems and Advantage Credit Partner to Streamline Mortgage Loan Originations

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-Seamless access to innovative credit reporting tools available to RELAY users- Evergreen, Colo., Jan. 23, 2012 – Blueberry Systems, LLC, a provider of advanced technology solutions to the mortgage and financial services industries, announced a strategic partnership with leading mortgage credit reporting company, Advantage Credit Inc. Through the partnership, Advantage Credit customers will now have … Read more

Advantage Credit Inc. Joins Forces with First Line Data

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Advantage Credit Inc. announces strategic partnership with First Line Data to offer mortgage lenders bundled services for both TPO and borrower risk assessment. Leading mortgage credit reporting company, Advantage Credit Inc., has announced a strategic partnership with business analytics provider and fraud prevention company, First Line Data. Together the companies will be able to offer … Read more

Authorized User Accounts – Not All Bad…Not All Good…

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Historically, adding a family member as an authorized user to an existing credit card with good credit history was a great way to help or improve the family member’s credit. This much utilized (sometimes over-utilized) practice can improve an authorized user’s credit, but it may not help the family member secure a mortgage loan. Some … Read more