It's a no brainer. Try SmartSelect.
Streamline your costs by using a cascading credit bureau report option
Reduce overall credit reporting fees.
Eliminate unqualified borrowers from the beginning using a single bureau verification.
Find out how.
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SmartSelect works in reducing fall out rate.
You customize the credit report criteria. Once your pre-defined benchmark(s) are triggered, the LOS ordering platform will automatically cascade to a bi- or tri-merged credit report. Otherwise, it stops pulling credit bureau data if certain conditions, such as scores or other negative factors, are not met.
Through our LOS system, SmartSelect offers 4 cascading report options:
Examples of other set criteria to customize in upgraded feature:
Cumulative collection balances greater than $____.
No late payments on mortgage accounts within the past ____ months, not to exceed 36.
Bankruptcy filings within the past ____ months.
Delinquent child support accounts.
Unreleased federal tax liens.
Defaulted student loans.
Foreclosure, short sale, or deed-in-lieu within past 7 years.