The Encore Summary is a simple, easy-to-understand summary report that features a highly predictive consumer score, as well as highlights critical consumer and transaction data that may represent loan risk indicators.
Is Your Applicant a High or Low Credit Risk?
Access credit information from all 3 national credit bureaus along with public records information, Mortgage Electronic Registration Systems (MERS) and other data sources to help you determine the credit worthiness of your applicants.
Is Your Applicant Who They Say They Are?
View FACT Act alerts and key identity information, such as name, AKAs, other SSNs and addresses associated with your applicant to help you detect and resolve potential fraud and Red Flags.
Can Your Applicant Afford to Pay the Loan?
Verify inferred or stated income and employment history to help determine if your applicant has the capacity to meet payment obligations.
Are There Any Risks Associated With the Subject Property?
Evaluate characteristics and historical data, owner occupancy analysis, estimated value, comparables and valuation on nearby sales and in the market to determine potential risks associated with the subject property.
Do You Know Who’s Involved in the Loan Transaction?
Verify licensing information on third-party brokers, appraisers, loan officers and other mortgage professionals—and see notices of any sanctions filed against them—to help protect the integrity of the loan transaction.
