Loan Quality Initiative Solutions from Factual Data

Fannie Mae uses the Loan Quality Initiative (LQI) to ensure each loan it purchases meets strict underwriting standards. One important standard of the Loan Quality Initiative requires lenders to verify borrowers’ credit one last time before closing, to see if any changes have occurred. Using the LQI report or Loan Quality Cross Check (LQCC) report from Factual Data can help reduce the risk of approving loans that do not conform to Fannie Mae’s requirements.

Get Started Now

Loan Quality Cross Check (LQCC) Reports

Compare New and Old Credit Data

  • Highlight Differences Between Current and Past Reports: Receive a comprehensive report that calls attention to the differences between an initial credit report and what is currently reported.
  • In-Depth Information: Receive data including credit summary changes, changed tradelines, changed scores (optional), new tradelines, new public records, and new inquiries.
  • Flexible Options: Request one, two or all three credit bureaus to be included in the LQCC report. For an added cost, reports can be upgraded to add repositories after the initial report has been generated.

Loan Quality Initiative (LQI) Reports

  • Use Fannie Mae’s Guidelines: The LQI report offered by Factual Data can help you meet Fannie Mae® underwriting requirements with confidence.

  • Uncover New or Undisclosed Debt: Use the LQI credit report to expose borrower debt so that you may disclose it in the final loan application.

  • Available with or without FICO® Scores: The LQI report can be delivered with or without FICO scores included.

"They are a one-stop-shop for us in our credit side..."

— Factual Data Customer
Get More Information
Download a PDF with More Information
Factual Data

A Trusted Provider of Credit Reports for the Loan Quality Initiative

For decades, credit reports from Factual Data have been relied upon by the mortgage lending community for their accuracy, clarity, and the ease of access through POS, LOS and online ordering platforms. Now, take advantage of our solutions designed to help you meet the requirements of Fannie Mae’s Loan Quality Initiative.

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

If you are a resident of California and submitting this request to us as an authorized representative of a business, you may have certain rights regarding the personal information you provide to us in this form. If you would like to access, delete, or otherwise exercise your rights under the California Consumer Privacy Act with regard to this personal information, please submit your request to us online through this form or by contacting us as detailed in the Website Privacy Policy. Upon receipt of your request, we may ask you to verify your identity. Please note that we may continue to retain and process your personal information in accordance with our agreements with the business identified in this form or as permitted by or required under applicable laws. Please review our Website Privacy Policy for additional information about how we collect, use, maintain, share, and protect your personal information when you visit, use, and interact with our website.