ENCORE is a Fair Credit Reporting Act (FCRA) credit report that delivers exclusive next-generation data intelligence that automatically and accurately provides consumer information from hundreds of data sources. Within seconds, get a comprehensive 360 degree view of the consumer and the lending transaction, delivering critical decisioning data.
The Intelligence of nd Merge Technology
nd Merge Technology is an FCRA compliant modern data intelligence solution available only from CoreLogic. Used to power proprietary FCRA credit report solutions like ENCORE, nd Merge is a fully scalable data merge technology platform that collects, sorts and organizes consumer and business data intelligence – fast.
The Evolution of the FCRA Credit Report
ENCORE takes the data available in a traditional credit report to the next level. As a FCRA credit report, ENCORE allows you to review and take actionable steps on consumer and loan information like never before. The report is divided into six sections for simple analysis of each data element. Data sections include:
- Summary: An at-a-glance look at key consumer and loan information
- Credit: Information from all three credit bureaus
- Identity: Displays Red Flags and FACT Act alerts along with other key identity information
- Property: Provides a detailed breakdown of the subject property, applicant ownership history and information on the surrounding area
- Income: Validates applicant income and employment history
- Participant: Screens loan actors against exclusionary lists to help protect the integrity of the loan transaction
Encore Summary Contents
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.
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.
View Fair and Accurate Credit Transaction (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.
Verify inferred or stated income and employment history to help determine if your applicant has the capacity to meet payment obligations.
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.
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.