A credit report from CoreLogic that combines information from all three major credit bureaus is now available on a loan origination system from mortgage lending technology company Mortgagebot.
In an announcement today, Irvine, Calif.-based CoreLogic said the integration of its Credco Instant Merge credit report into the Web-based Mortgagebot EnterpriseLOS platform was one of a series of planned CoreLogic product integrations with the EnterpriseLOS platform.
Financial technology firm D+H acquired Mequon, Wis.-based Mortgagebot in April 2011.
Mortgagebot’s EnterpriseLOS is designed to help streamline “decisioning” — the automated process by which a system makes decisions based on predetermined pass/fail criteria — from mortgage origination through closing, the announcement said. The platform also allows lenders to manage loan files as electronic documents, which now include Instant Merge credit reports.
“In the current lending environment, the one certainty we can all agree on is that more information can help both lenders and consumers make more informed decisions,” said Dave Ard, senior vice president of business development for CoreLogic, in a statement.
“We’re excited to add Instant Merge to EnterpriseLOS and to help ensure that even more lenders have access to as much decisioning data as possible.”
Instant Merge offers lenders the most up-to-date borrower information available from credit bureaus Equifax, Experian and TransUnion, CoreLogic said, including specific demographic information, details on current and historical credit accounts, public records, identity verification, multiple scoring options and creditor contact information.
Instant Merge is available on more than 50 technology platforms.
“By adding CoreLogic credit data to EnterpriseLOS, we are able to offer lenders streamlined access to the most popular merged credit report around,” said Matt Cotter, senior vice president of marketing at D+H U.S., in a statement.