- November 21, 2013
- Posted by: Joel Firestone (G-Net Consulting)
- Category: Press Releases
Evergreen, Colo., November 21, 2013 – In an effort to help its clients remain compliant with the Fair Credit Reporting Act, Advantage Credit, Inc., in affiliation with the National Consumer Reporting Association (NCRA), is offering FCRA Compliance Certification. This certification will help users of credit reports understand the FCRA and credit repository policies that regulate their access to consumer credit reports.
“Advantage Credit recognizes that access to consumer credit reports is critical to our client’s daily business operations, so it is essential for them to be in compliance with the FCRA, we are excited to be offering this program to assist our mortgage lender partners with shoring up their compliance efforts in this area,” said Marty Flynn, executive vice president of Advantage Credit, Inc.
While certification is not currently mandatory, there have been strong indications from regulators that mortgage companies must make serious efforts to ensure their personnel receive FCRA training. Staying on top of these regulations is important, and doesn’t take a lot of time. The FCRA Compliance test for end users comes with a study guide and is 30 questions long and shouldn’t take longer than 15 minutes start to finish. End users who successfully complete the certification test will be recognized with a Certificate of Completion. Loan officers, processors/underwriters and compliance staff are highly encouraged to implement this training.
For more information and to set up access to training, please visit www.advcredit.com/fcra-certification or contact your Advantage Credit representative.
About National Consumer Reporting Association
Founded in 1992, the purpose of the National Consumer Reporting Association is to promote the general welfare of its members: credit reporting agencies, employment screening services, tenant screening companies and all issuers of consumer reports; as well as the businesses they serve and the consumers whose information they report. This will be achieved by providing leadership in education, legislation, ethics, and enhanced vendor’s relations, all in an effort to enable the members to successfully meet the needs of business and the modern consumer under the terms of the Fair Credit Reporting Act.
About Advantage Credit Inc.
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 20-year history of providing superior customer service while leveraging the most advanced credit technologies for leading mortgage companies, banks and credit unions nationwide. For more information on Advantage Credit Inc., please visit www.advcredit.com