UPLOAD CREDIT AUTHORIZATION ONE TIME – AUTOMATICALLY USED WHEN NEEDED
During loan processing most applicants require that certain items on their credit report be verified. Whether it is a need to update an account balance, verify a mortgage payment has been made or confirm that an account has been closed, these requests must often be accompanied by a credit authorization. Funding Suite provides a digital folder in which you can upload the credit authorization one time – and it will be automatically appended to any future verification request that requires it.
The same credit authorization will also be automatically appended should you need to do rescoring on the file. Once you place a credit rescoring order through Funding Suite’s online tools, the credit authorization will attach to the order automatically. Upload the credit authorization once – and your covered for every order.
USE THE FUNDING SUITE E-FOLDER TO STORE ALL CREDIT RELATED DOCUMENTS
During underwriting there is often a need to obtain specific documentation related to the credit report. This is often the case during rescoring when certain documents are required to document account balances, the clients intention to close an account and more. Funding Suite provides a free e-folder with every credit file to store these items. Anytime these documents are needed in the future, you can easily find them by searching for the borrower by name or social and opening up the e-folder. This e-folder is a free storage solution for Funding Suite customers.