Avantus Integrates Fannie Mae LQI Compliance Into LoanShield
Accessible through Avantus.com, the LoanShield Credit Review will allow clients to compare an existing credit report to fresh repository data (accessed using the soft inquiry* pull codes from all three credit vendors). You will be alerted to changes such as New Inquiries, New Trade Lines, and Revolving Debt Increases; just to name a few. *Soft inquiries are used because they do not adversely affect credit scores like a normal credit inquiry would.
In addition to satisfying Fannie Mae's LQI requirements, LoanShield also provides additional fraud analytics on your loans using the most up-to-date and complete participant and property data sources. This complete scanning of your loan data further protects your business by identifying potential equity skimming, identity theft, straw buying, property flips, broker fraud, appraiser fraud, employment misrepresentation, and more; including GSA exclusion list scanning.
One Stop for LQI Compliance
LoanShield can be your one stop shop for full LQI compliance while reducing the potential for losses that may result from repurchase demands and mortgage insurance rescission.
