Simplify LQI Compliance
Designed to help lenders satisfy requirements under the Fannie Mae Loan Quality Initiative (LQI), the LQ GAP report provides a fully automated variance or "gap" reporting solution that identifies and summarizes any changes in a borrower’s credit report between pre-approval and pre-funding.
Deliver Quality Loans
The LQ GAP report quickly collects, organizes and compares any changes in tradelines, inquiries, balances, alerts and other credit profile factors that could surface between the initial prequalifying credit report and prefunding – helping lenders uncover undisclosed debt that could result in a loan buyback.
Provides an at-a-glance summary of any inquiries or new credit liabilities prior to closing
Allows lenders to make fast, reliable lending decisions to help them avoid loan buy-backs
Results generated in seconds
Fully compliant Fannie Mae LQI solution