Undisclosed Debt Activity MonitorDAM Report
Don’t get caught off guard by detrimental borrower activity too late the loan process that can lead to last minute processing crises and canceled closings. With Partners unique DAM report, you will receive updates regarding any new borrower inquiries and liabilities as they happen, bringing transparency to your transactions, and helping your team plan intelligently for unexpected contingencies. Available with any or all bureaus, built to your specifications.
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.