Update HMDA Credit Score for Multiple Borrower Pairs $795
Streamline your mortgage loan origination process and ensure HMDA compliance with our plugin explicitly designed for Encompass®. Say goodbye to manual credit score entry and tedious data management; embrace automation for accurate reporting and increased efficiency.
Features of HMDA Credit Score
Automatic Credit Score Capture:
The plugin automatically fetches credit scores for all borrower pairs involved in the loan application, saving you valuable time and effort.
Credit Source Recording:
Each credit score's source is recorded and stored alongside the score, providing transparency and supporting auditing requirements.
Smallest Credit Score Selection:
The plugin identifies the smallest credit score on the loan, guaranteeing alignment with HMDA reporting regulations.
Customizable and Scalable:
Tailor the plugin to fit your organization's unique needs and integrate it easily with Encompass®.
Enjoy a user-friendly interface that allows easy navigation and effortless adoption of the plugin within your loan origination workflow.
Benefits of Encompass HMDA Credit Score
Data Accuracy and Integrity:
By eliminating manual data entry, the plugin ensures consistent and reliable credit score reporting, reducing the risk of data inaccuracies.
Effortless HMDA Compliance:
Automatically capture and record credit scores for each borrower pair, facilitating seamless fulfillment of HMDA reporting guidelines without manual errors or delays.
Streamline the loan origination process with automated credit score retrieval, freeing valuable time for your loan officers and processors.
Regulatory Risk Mitigation:
Ensure adherence to HMDA regulations, eliminating the risk of penalties and preserving your reputation as a responsible lender.
Data Analytics and Decision Making:
Leverage captured credit score data to gain insights, track performance metrics, and make data-driven decisions to optimize your lending practices.