{"id":2186,"date":"2015-09-15T15:27:53","date_gmt":"2015-09-15T15:27:53","guid":{"rendered":"https:\/\/preprod.housingwire.com\/knowledge\/?p=2186"},"modified":"2019-11-06T14:53:17","modified_gmt":"2019-11-06T14:53:17","slug":"credit-reporting-innovation","status":"publish","type":"post","link":"https:\/\/preprod.housingwire.com\/knowledge\/credit-reporting-innovation\/","title":{"rendered":"Credit reporting innovation"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">The complexity of credit reporting has increased dramatically.\u00a0<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Fannie Mae now requires that specific trade lines be consistently<br \/>\nverified and newly introduced credit comments such as &#8220;consumer<br \/>\ndispute&#8221; and &#8220;short sale&#8221; be addressed prior to receiving Fannie Mae&#8217;s<br \/>\nautomated approval.\u00a0<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Other items such as tracking costs across multiple<br \/>\nbranches, accepting consumer credit card payments and real-time tracking<br \/>\nof all credit related orders means your credit reporting process<br \/>\nis a critical component of maximizing workflow efficiency and minimizing<br \/>\ncosts.<\/span><\/p>\n<p>In order to maximize these efficiencies, reduce costs, and ensure compliance, lenders&#8217;<\/p>\n<p class=\"p1\"><span class=\"s1\">credit reporting capabilities should be able to:<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u00a0<\/span><\/p>\n<ul>\n<li><span class=\"s1\">Identify troublesome comments automatically,<br \/>\n<\/span><\/li>\n<li><span class=\"s1\">Instantly creating required &#8220;Letters of Explanation&#8221;,<br \/>\n<\/span><\/li>\n<li><span class=\"s1\">Ensure individual loan officers are responsible for their own<br \/>\ncharges,<br \/>\n<\/span><\/li>\n<li><span class=\"s1\">Provide detailed cost accounting dashboards to minimize<br \/>\nexpenses,<br \/>\n<\/span><\/li>\n<li><span class=\"s1\">Track all open verification and re-scoring orders in real time.<\/span><\/li>\n<\/ul>\n<p class=\"p1\"><span class=\"s1\">\u00a0<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">To learn how you can make these credit reporting innovations part of your credit reporting process, click on the link provided below. \u00a0<\/span><\/p>\n<p><strong>Publisher: Cogent Road<\/strong><br \/>\n<strong>Date:<\/strong>\u00a0September 2015<\/p>\n<p><a href=\"http:\/\/marketing.housingwire.com\/acton\/formfd\/4321\/0054:d-0002\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-2063 size-full\" src=\"https:\/\/preprod.housingwire.com\/knowledge\/wp-content\/uploads\/sites\/2\/2014\/03\/btn_click2view.png\" alt=\"btn_click2view\" width=\"148\" height=\"32\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The complexity of credit reporting has increased dramatically.\u00a0 Fannie Mae now requires that specific trade lines be consistently verified and newly introduced credit comments such as &#8220;consumer dispute&#8221; and &#8220;short sale&#8221; be addressed prior to receiving Fannie Mae&#8217;s automated approval.\u00a0 Other items such as tracking costs across multiple branches, accepting consumer credit card payments and [&hellip;]<\/p>\n","protected":false},"author":686,"featured_media":2187,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[59],"coauthors":[80],"class_list":["post-2186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lending","tag-top-picks"],"acf":[],"jetpack_featured_media_url":"https:\/\/preprod.housingwire.com\/knowledge\/wp-content\/uploads\/sites\/2\/2015\/09\/300x300.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts\/2186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/users\/686"}],"replies":[{"embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/comments?post=2186"}],"version-history":[{"count":1,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts\/2186\/revisions"}],"predecessor-version":[{"id":2907,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts\/2186\/revisions\/2907"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/media\/2187"}],"wp:attachment":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/media?parent=2186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/categories?post=2186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/tags?post=2186"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/coauthors?post=2186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}