L1 Credit is a fully operational credit reporting agency. We focus on meeting the needs of the mortgage loan origination process and offer all credit reporting services and credit reporting tools, including:
Tri-Merge Credit Reports and Supplements
Credit reports are available and accessible through most loan origination systems. They are accepted and reissuable to Fannie Mae and Freddie Mac.
Credit Cascade Tools
Cascade credit based on FICO scores, which helps to reduce overall credit cost.
Give potential borrowers the opportunity to see the loans they qualify for based on a soft inquiry, so it doesn’t affect the borrower’s credit score.
We provide easy-to-read credit reports from one to three of the major bureaus and even have the option to email the consumer disclosures for you.
This suite of services is available to address Fannie Mae’s loan qualification conditions, including refresh reports and undisclosed debt monitoring.
Credit Expert Tools
We provide a customer-friendly report that analyzes the borrower’s credit and makes specific suggestions for changes to improve score.
The rapid rescore process can potentially raise your borrower’s credit score quickly by submitting proof of positive account changes to the three major credit bureaus. Credit Xpert® tools include Wayfinder, What-If Simulators and Credit Assure.