Instant Merge LQ is a prefunding credit report that helps satisfy the credit-only Loan Quality Initiative (LQI) prefunding requirement by identifying new inquires posted, credit liabilities opened and public records posted within the previous 90 days or from the loan application date provided.
Leveraging Merge Logic from the CoreLogic Instant Merge report, the LQ report combines credit data from one, two or all three national credit bureaus into a single, easy-to-read report format that includes creditor contact information. An Instant Merge LQ report can be run at any time prior to prefunding. No prior Instant Merge report credit order is required.
- Lists any new liabilities or inquires posted in the 90 days prior to the LQ report pull
- Provides a credit summary of type or tradeline, balances, inquiries and public records