Online Mortgage Credit Reporting

Internet information tools have revolutionized the mortgage lending industry, creating a highly competitive, national market where borrowers often shop and re-finance online. Through our affiliation with Fidelity National Affiliate Service and Informative Research, Pro Com today puts the same speed-of-thought information technology into the hands of mortgage lenders using Fannie Mae and Freddie Mac online underwriting tools, to assist you in more quickly and accurately assessing consumer credit risk.

Pro Com is a charter service provider of merged, three-bureau credit reports with consumer credit scores on Fannie's MORNETPlus network. For mortgage lenders, this means whenever you are online with Fannie's Desktop Originator/Underwriter system, you have point-and-click access to merged credit reports provided through the Fannie Mae system by Pro Com.

The same goes for Freddie Mac's Loan Prospector automated underwriting system. Three-bureau merged reports can be ordered through Loan Prospector, which communicates with Pro Com. Loans not receiving an "approve" recommendation through DO/DU or Prospector follow conventional loan processing guidelines, with the lender working directly with Pro Com to secure additional verifications and credit product upgrades.

After registering with Fannie Mae and/or Freddie Mac, all you have to do to get merged credit reports online through DO/DU or LP is register in advance with Pro Com, then select your appropriate area of interest while online. Call us today or click here to register.

Pro Com also offers lenders an enhanced mortgage credit reporting product called an RMCR (Residential Mortgage Credit Report) that not only contains merged credit bureau information, but also ensures that all such information is verified and updated.

Our Accu-Score product allows you to access and correct disputed or outdated credit information at the source--the credit repository--within 72 hours of submitting documentation for a correction. Once the correction is made, Pro Com provides you with a new repository file with updated information and a new credit score, documenting that the correction has been made. (Balance updates are not available through Accu-Score.

For a one-time membership fee, plus per report costs, mortgage lenders can take advantage of the following:

• Merged Consumer Credit Reports (unverified)
• Three-bureau, merged credit reports via Fannie Mae, Freddie Mac online underwriting systems
• RMCR (Residential Mortgage Credit Reports) updated and verified
• Nationwide TotalFlood Services, Inc. flood reports with life of loan and census tracking
• Accu-Score service to correct disputed or outdated credit report information within 72 hours