Allows lenders to quickly complete and file HMDA reporting forms
PHILADELPHIA – January 20, 2022 — Credit Plus | UniversalCIS, a leading provider of mortgage technology, verifications and business credit reports, announced today that through its QC Review product suite, it is now offering HMDA LAR reports, a solution that helps lenders prevent loan defects throughout the mortgage lifecycle and more easily comply with HMDA requirements.
QC Review’s HMDA LAR reports validate the data lenders collect from borrowers and applicants and also provide a data discrepancy analysis so they can find opportunities for improvement. It enables lenders to complete and file their reporting forms effectively and efficiently while flagging defects – quickly identifying incorrect loan file attributes and developing trends that might cause data integrity risks.
“Lenders are having to pay more attention to data quality, and increased loan volume this past year meant a greater chance for errors,” said Greg Holmes, Chief Revenue Officer at Credit Plus | UniversalCIS. “For filing reports for regulators and ensuring loan quality for investors, our services make HMDA LAR annual reporting and QC Review simple, accurate, and stress-free.”
For lenders who prefer to complete HMDA LAR reports themselves, Credit Plus | UniversalCIS’s QC Review technology allows them to complete their reporting accurately on its user-friendly platform. For more information, visit https://creditplus.com/mortgage-lender/services/mortgage-lender-services-qc-review-hmda-lar-report/.
About Credit Plus | UniversalCIS
Credit Plus | UniversalCIS is a market leader in mortgage technology, credit reporting, and verification services from pre-application to post-close to give mortgage professionals greater confidence when making lending decisions. Credit Plus | UniversalCIS was created through the merger of Universal Credit Services, CIS Credit Solutions, Avantus, DataFacts Lending Solutions, SharperLending and Credit Plus. The company has over 6,700 clients ranging from the largest bank and non-bank mortgage originators to credit unions and mortgage brokers and has 12 operations centers across the US. Credit Plus | UniversalCIS’s expertise in the residential and commercial mortgage industries enables it to quickly assess current and future needs and provide new technologies, solutions, and the best customer service in the industry. For more information, please visit creditplus.com.