Lien & Judgment Report

 When access to the majority of Lien & Judgment data is cut off, it won’t be lending as usual!

In July 2017 resulting from a Consumer Protection Settlement the three Nationwide Credit Bureaus will eliminate an estimated 50% of tax liens and 96% of civil judgments from consumer’s credit files. If records don’t contain; Name, Address, Social Security Number and Date of Birth of the debtor they will be omitted adding to the already difficult task of underwriting investment grade mortgage loans.  

Reduce your risk while underwriting by ordering a Lien & Judgment Report “L&J Report” from Informative Research. With data provided by LexisNexis® our L&J Report can instantly: 

  • Data is compliant with FCRA (Fair Credit Reporting Act) regulations
  • Identify unreported Public Records associated with your borrowers
  • Confirm the property is free and clear of any encumbrances that could take priority over the mortgage loan
  • Provide the entire picture of a consumer’s unreported (derogatory) credit events 
  • Allows the lender to comply with the GSE’s Guidelines by receiving Public Records information from “searches made by other public records search firms.”

L&J Reports are available online through our site Web Credit System or as an Addendum to your existing Credit Report.

Click here to download the products brochure.

Click here for Frequently Asked Questions.

Contact a Sales Executive for assistance with this and other solutions.