A Credit Workflow Designed for GSE Early Assessment Programs

The Early Assessment Workflow was created to support mortgage lenders participating in Government-Sponsored Enterprise (GSE) early assessment programs, with the goal of helping them conserve resources, minimize unnecessary credit inquiries, and boost efficiency in credit data analysis.

Using this workflow, lenders are able to “start small” with a single-bureau report, submit it for GSE early assessment program evaluation, then upgrade the same report to a Tri-Merge Credit report if GSE standards are met.

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Early Assessment Workflow Helps Lender Improve Operational Efficiency and Drastically Curb Resource Expenditure

Not only did the bank realize substantial improvements in operational efficiency — it also noted a staggering reduction in resource expenditures for credit reports.

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Helping Lenders Improve Resource Allocation

The Early Assessment workflow was designed to pair perfectly with GSE early assessment programs and help improve efficiency of resource allocation. It can assist to minimize unnecessary credit inquiries by allowing a single report to be upgraded with additional bureau data. This report can be used throughout the loan lifecycle, though an upgrade is required prior to closing.*

How does it work?

  1. Select one or two bureaus to order an initial hard credit pull from
  2. Use a GSE early assessment program to determine if the preliminary bureau report meets GSE standards
  3. If GSE standards are met, upgrade to a Tri-Merge Credit Report and proceed with your organization’s typical underwriting process*

For some lenders, this workflow may reduce the total number of credit reports ordered. It may also help to reduce time and costs associated with loans that do not conform to GSE standards.

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*Report must be upgraded within the current GSE requirements

Compare Early Assessment with Other Credit Products
Is Early Assessment right for your lending organization? Compare it with a few of our most popular credit products to get an understanding of the differences in use cases, permissible purposes, inquiry types, and more.
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Factual Data

Speak with Us About the Early Assessment Workflow

Whether you have questions or are ready to get started, provide your contact information and we will be in touch to schedule a no-pressure chat or informative demo session.

Call (877) 284-8322 to speak with a Factual Data representative today, or complete the form below.