Undisclosed Debt Monitoring

  • “I can't tell you how much we've appreciated working with Partners and especially our Account Representative. Your team has made the idea of home ownership accessible to many of our clients with the extra services your company provides.”
    — J. Mottashed, Alpine Mortgage Planning
  • “Province Mortgage Associates, Inc. has been with Partners Credit for over 5 years. In that time, we've found their innovative products and customer service to be #1 year after year. Thank you Partners Credit!”
    — C. Amaral, Province Mortgage Associates, Inc.
  • “Partners provides great service and our sales representative is very hands on.”
    — R. Ward, Pinnacle Capital Mortgage
  • “Our company loves using Partners Credit. The reports are easy to read and our requests are handled quickly and professionally.”
    — VP Consumer Direct Lending, Phoenix, AZ
  • “The customer service is always above and beyond our expectations! Thanks for all that you do!”
    — J. Mottashed, Alpine Mortgage Planning
  • “I appreciate how simple the invoices are and the fact that they have been customized with the detail I need.”
    — R. Ward, Pinnacle Capital Mortgage
  • “We switched to another credit company and we literally had people threaten to quit and we switched back within 30 days.”
    — VP Consumer Direct Lending, Phoenix, AZ

Do you know what your borrowers are up to?

Don’t get caught off guard by learning about detrimental borrower activity too late in the loan process, and avoid last minute processing fire drills and delayed or even cancelled closings. With Undisclosed Debt Monitoring, you receive updates regarding your borrower’s new inquiries or debts when they happen allowing your processors to manage potential problems before they become big problems.

UDM helps you meet LQI recommendations by providing three alert types on your borrowers currently engaged in the loan process with you.

  • New tradelines – Borrower opened a new line of credit impacting previously calculated debt to income ratios
  • Consumer initiated inquiries – Was a new line of credit established, but not showing on the credit report?
  • Secondary re-issue inquiry – Is your borrower shopping or could fraud be involved in other third party involvement?

Gain the knowledge early or in process when you can still account for this activity, or cancel the loan saving money by reducing processing costs associated with the lengthy underwriting process.

UDM manages risk and improves customer relations by allowing you to be proactive versus reactive, eliminating late in the loan emergencies that require borrower scrambling.

Eliminate bottle necks and loan extensions, and call your Partners sales representative today and get UDM for all of your prequalified loans.

Monitoring Summary

Monitoring Start Date Scheduled Monitor End Date Actual Monitoring End Date
06/13/2013 09/11/2013

Alert Count

Total Alerts Tradelines Inquiries Secondary Use
1 0 1 0

Alerts

Alert Type Alert Date Firm Name Industry Type Secondary Reissue Date Reissued Credit Limit ($) Balance ($) Scheduled Payment ($)
1 07/13/2013 NATIONAL BANK OF COM BB N $0 $0 $0