Letter of Explanation
Avoid unnecessary paperwork and additional explanation letters. Our Letter of Explanation gives your borrowers a seamless and simplistic tool to provide an explanation or acknowledgment for all the derogatory tradelines, collections, public records and inquiries on their credit report.
A link will be provided on our credit report to generate the Letter of Explanation at your convenience.
|Informative Research’s Letter of Explanation allows Lenders to further paper loan files effectively.|
What is displayed on the Letter of Explanation?
- Derogatory Tradelines
- Public Records
- New Accounts
- Order on-line through INFORMATIVE RESEARCH’s Web Credit System (WCS).
Reduce Unnecessary Paperwork
- Provide explanation of derogatory tradelines directly on credit report.
WCS Administrative Roles
- Capabilities of turning the Derog Worksheet on/off when ordering a tri-merge credit report.
Disclosure Mailing Services
- Turnkey mailing service available
- Management report provided weekly to standardize ongoing documentation and easily demonstrate compliance in response to an audit.
Contact our sales staff for assistance in identifying the appropriate solutions today.