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CoreLogic Credco’s Loan Quality Debt Monitoring (LQDM) is designed to reduce last-minute loan fallout and costly buybacks while meeting Fannie Mae’s Loan Quality Initiative.
Our solution delivers actionable alerts when a borrower’s credit profile changes during the “quiet period” between the initial credit report pull and the loan funding. Give yourself protection from delays and even the potential for a complete halt to an application that can keep a transaction from closing – and avoid the resulting need to buy the loan back or having to sell the loan at a loss through a “scratch and dent” situation.
We’ve made navigating the continuous ins and outs of the debt monitoring process easy, with our protected and instinctive web-based interface.