Undisclosed debt is a big deal.

Clear borrowers to close—with confidence

A lot of work goes into originating a mortgage loan. That’s why it’s so important to make sure applications don’t get derailed by undisclosed debt that pops up during the “quiet period” between origination and closing.

It’s a common misstep that many borrowers might not even know they’re making. According to Equifax data and analytics, 46% of mortgage openers submit other credit inquires during the quiet period. But if you can detect borrower credit activity before it becomes new debt, you can take action.

We can help you avoid surprises at closing with Undisclosed Debt Monitoring (UDM) from Equifax.

Key benefits:

• Discover blind spots with automatic alerts to changes in borrower credit files
• Reduce costly repurchases with a more complete portfolio view
• Streamline underwriting by focusing resources on loan files that require review
• Enhance your competitive edge by monitoring for other mortgage inquiries in your loan pipeline

Contact us today to learn more about how UDM provides better visibility at every stage of the mortgage process.