Mortgage Credit Reporting Services

mortgage credit reporting agencies - commercial credit reportingEQUIDATA® is a Virginia Corporation headquartered in Newport News. Since 1905, we have dedicated ourselves to serving all of the credit reporting needs of our customers. Our longevity in this business has helped us create our unique awareness of the various needs required by mortgage bankers and brokers alike.

We take pride in our excellent reputation for customer service. When calling our office, our customers are greeted by experienced and professional Customer Service Representatives ready to provide assistance. We are committed to providing our customers with the best technology available, all the products and services needed to make sound business decisions, as well as, a friendly and professional EQUIDATA® team.
Features...
  • Nationwide Services
  • Attractive/Competitive Pricing
  • Customized Mortgage Credit Reporting Services
  • State-of-the-Art and User Friendly Technology
  • Web Based Access, including e-Pass, Calyx Point and Byte
  • Customized Interfaces
  • Fannie Mae and Freddie Mac, e-Pass, IndyMac, Calyx Point
    and Byte Approved Business Partners
  • Bureau Rescores in 3-5 days
  • On-Line Billing Reports
  • Electronic Billing Capabilities
  • Instant Online Flood Services
  • Tax Return Verification Reports
  • Credit Card Capabilities
  • Customized Credit Report Options
 Technology...

Our state-of-the-art system gives our EQUIDATA® team the ability to provide customized services to best meet a clients' needs, a wide variety of online products and easy to read credit reports.

You can access our products and services from the following:
  • EQUIDATA® Website
  • Software/Dial up Internet Access
  • Loan Origination Software Interfaces
  • Fannie Mae (DU & DO)
  • Freddie Mac (LP)
  • Many Lenders' web sites
Products & Services...
Click each topic to expand/contract the details or descriptions of each below:

  • SINGLE BUREAU INFILE
    A Single Bureau Infile includes the data from one of the three repositories (Equifax, Experian or Trans Union) and can include the credit score. Data contained in a repository report includes the consumer's identifying information, trade information, public record information, collections and inquiries of companies who have pulled the consumer's credit report in the last 2 years. In addition, we include a creditor list and profile summary.

  • TRI-MERGED INFILE
    A Tri-Merged Infile includes the data from all three repositories and can include credit scores. In addition, we include a creditor list and profile summary.

  • RESIDENTIAL MORTGAGE CREDIT REPORT (RMCR)
    RMCR includes all 3 repositories, risk score optional, employment verification, rental and/or mortgage verification, liabilities from 1003 application and an update of trades within 90 days of tape reported information. Any updates/supplements are done at no charge within 90 days from the date the RMCR was received.

  • PROFILE BUSINESS REPORT
    A profile report offers information provided by Experian from their business database. It includes the date the business opened as well as any public records that may have been obtained against the company. Creditors are not named specifically but are grouped in categories (ie. Construction, Airlines, Contractors, and Utilities). A Business risk score (Intelliscore) is available with this product for an additional fee.

  • INTEREST RATE REDUCTION REPORT/VERIFICATION OF MORTGAGE (IRR/VOM)
    An IRR/VOM is a verification of the borrower's existing mortgage, updated to the current month with a 12 month history (at least), loan type (VA, FHA, Conv) and interest rate. Any additional references, excluding prior record of transferred loans, are charged per each IRR/VOM.

  • REFERENCE CHECKS
    Any update to a single or trimerged infile, or expired RMCR, requested by a client. Reference checks are done in four hours to one day service and are charged per each reference. The client is notified of charge(s) before calls are made. Updates are not done for borrowers on pre-qualifying reports unless the mortgage company has been notified. A pre-qual expires in 30 days. Reference checks are charged regardless of date sent/completed on the file.

  • ENHANCED MERGED REPORT
    This is a 3 repository, 3 risk score infile which can have 1,2 or 3 references updated within a 90 day period of time. Any references exceeding 3 will be charged per each additional reference. Notification will be given to the mortgage client before charges are billed. Reports can be upgraded to an RMCR with a credit given for the first three references. Additional charges will not be credited.

  • BUREAU RE-SCORES
    Update is done to the consumer's credit file at the three national bureaus, Equifax, Experian, and Trans Union. Documentation must be provided by the consumer to resolve disputed items within a 72 hour time period. The cost is per trade, per repository, per person. This service is available for urgent mortgage purposes only.

  • CreditXpert™
    CreditXpert™ is a value-added product that is available to both the consumer and also to our business clients to offer to their consumers. It is an analysis of a consumer's file based closely on the FICO scoring models that give a consumer a full explanation of their credit file with the Credit Wizard function added on to give the consumer an idea of where to start to improve their file/score.

  • CreditXpert ESSENTIALS™
    CreditXpert Essentials™ identifies the best actions to take in order to reach a target score. You can elect to use a target score or available cash.

  • CreditXpert WHAT IF SIMULATOR™
    CreditXpert What If Simulator™ allows you to simulate changes to a consumer's bureau data and see what impact those changes will have on the borrower's credit score, both positive and negative.

  • FANNIE MAE / DESKTOP UNDERWRITER (FNMA/DU)
    • 3 Repository Merged Infile with Fannie Mae Job # assigned to the repository
    • 3 Repository Merged Infile pulled straight through Morenet (FNMA)
    • Re-Issue of Report back to FNMA
    • Credit is given to FNMA reports upgraded to an RMCR within 30 days.

  • FREDDIE MAC/ LOAN PROSPECTOR (FREDDIE/LP)
    Product is available for client with activation of a code based on Seller TPO or number obtained from the client. For every “merged” report requested by the client using the code, EQUIDATA® is given access to store these reports through our software systems.

  • FLOOD CERTIFICATES - Life of Loan and Basic
    Product is available for client with activation of a code based on Seller TPO or number obtained from the client. For every “merged” report requested by the client using the code, EQUIDATA® is given access to store these reports through our software systems.

  • TAX RETURN VERIFICATION (TRV)
    TRV services provide you with data from the tax returns retained in the files of the United States Internal Revenue Service on individuals who have authorized the release of this information in exchange for credit extension of a similar consideration. The TRV Report compares the income related lines of the tax-return that are provided by the borrower with the same lines on file at the IRS and highlights any variations. The service is available to verify one, two or three years and also provides business and partnership information for the same period.

  • CRIMINAL REPORTS
    Nationwide database available to verify state and national criminal records including sex offender cases. Data is available instantaneously in over 40 states via internet access.

  • EVICTION REPORTS
    Nationwide database available to verify eviction data, state by state, in over 38 states. Data is available instantaneously via internet access.

  • DMV / DRIVING RECORD REPORTS
    Nationwide database available to verify Division of Motor Vehicle data, state by state, in all 50 states. Data is available instantaneously via internet access. Some states may take up to 3 days to return data.

  • EMPLOYMENT REPORTS
    Employment reports available through all three national credit agencies providing information in a clear format. Employers are required to obtain signed consent from employees or applicants before accessing their credit information.

  • TENANT MATCHMAKER REPORT
    Property managers have the ability to set specific criteria to evaluate prospective tenants. Acceptance or denial of applicant can be decided using criteria from credit, criminal or eviction data.