Rescore
The rapid Rescore process from Factual Data can help you apply quick revisions to your client's credit report so you can offer the ideal mortgage product. This solution expedites the credit report update process at TransUnion®, Experian® and/or Equifax®, resulting in an updated credit score in a significantly reduced timeframe.*
*Factual Data makes no guarantee regarding a Rescore improving or otherwise changing a consumer’s credit score.
We’ll work with you to identify the proper documentation necessary to revise the items in question. After verifying the documentation, our credit specialists use our registered access to each bureau to quickly facilitate bureau-performed revisions to your applicants' credit files.
Benefits
Update a balance or account status, remove derogatory information, update the status of a collection, or update an account to show it was included in a bankruptcy.
With Factual Data, a Rescore is typically completed in just 3-5 business days. Order times may vary.
Rush orders are also available, and the updated report is typically available in as little as three days after we submit the request.
Factual Data verifies the applicant's documentation for accuracy and completeness before forwarding it, along with key identifying information, to the credit repository.
In some cases, we are able to perform a Rescore without the need for documentation. This may apply when the creditor offers an auto-teller — allowing for verification of the remaining balance or removing past-due amounts using a computer-operated phone system.
Get More Information
Factual Data uses its registered access to each credit repository to quickly submit changes and facilitate modifications to applicants’ credit files. As a reliable provider of credit reports for mortgage professionals that has served the mortgage industry for several decades, we’re confident you’ll be satisfied with our credit rescoring service.
Getting Started
Provide your contact information and a Factual Data representative will be in touch to schedule a no-pressure chat or informative demo session.