PRODUCTS TO SAVE TIME AND MONEY

In the past 8 years healthy housing lenders have raised their efficiency by using Web-based technology to accelerate loan processing. 1 Source Data has supported these innovators, by providing Credit Reporting Services that deliver a wide choice of reports in just seconds. Instant View – the addition of special security that allows third parties controlled access to credit reports – is just one example. Our data filtering systems add special features that cut expenses, UnMerge, Mortgage Only, Creditor Comparison, and Derogatory Only reports -- all available at no additional charge.

And, one of the best ways to save money is to detect fraud and identity theft victims before making loan or portfolio commitments. 1 Source Data’s Fraud Alert report combines the three leading fraud detection algorithms, providing an instant check for identity theft. Loan portfolio buyers will appreciate the extra value, or they can easily use Fraud Alert as part of their audit process.

We recommend you combine Fraud Alert with Quick Comp. Quick Comp delivers quick and inexpensive value audits. Both products accommodate either individual loans or bulk submissions.

Finally, 1 Source Data supports Net Branch operations with credit consideration and direct billing to remotely located loan originators. Remote originators received a full set of management reports, and the lender sees summaries and details of all transactions. It’s the best way to reduce a lender’s exposure to poor performance.