Overview
You can order a variety of credit reports to support each stage of the loan life cycle. From initial borrower qualification to pre-closing reviews, these reports provide the credit information you need to make informed lending decisions.
Available reports
Application stage
Instant Merge® PreQual Credit Report (Soft Inquiry)
You can perform an initial, non-decisionable credit check for pre-qualification using a soft inquiry that does not negatively impact a consumer's credit score. If you have permission from your clients, you can use this report to help them understand their credit standing and potential loan options.
Instant Merge® PreApproval Credit Report (Soft Inquiry)
You can determine a borrower’s eligibility for pre-approval using a soft inquiry credit report that does not impact their credit score. This report uses “Extension of credit” as a permissible purpose, which fits into existing origination workflows established for hard inquiries.
Underwriting stage
Instant Merge® Credit Report (Hard Inquiry)
You can combine credit data from one, two, or all three national credit bureaus (Equifax, Experian, and TransUnion) into a single, conveniently formatted report. This report is suitable for most lending situations.
Instant Merge® Home Equity Credit Report (Hard Inquiry)
You can qualify borrowers for Home Equity loans or a Home Equity Line of Credit (HELOC). This report assesses borrower eligibility against bureau products based on the needs of private investors.
Merge Plus Supplement Report (Hard Inquiry)
You can request this add-on report for extra detail on flagged credit items. Use it to verify mortgage balances, update or remove accounts, and confirm bankruptcies or other negative items.
Warning: Merge plus reports do not update bureau data and FICO scores.
Rapid ReCheck*
You can upgrade an order to receive quick, permanent updates to national repository records and a refreshed FICO® score. You can typically access revised reports and scores within three to five business days.
Anthem Report® (Non-Traditional) Reports*
You can enhance bureau information by incorporating alternative credit data. This data includes rental payments, utility expenses, and phone charges.
Pre-closing stage
Instant Merge® LQ GAP (Credit Refresh) Report (Hard Inquiry)
You can order a "refresh" report before closing to get an at-a-glance comparison between the original credit report and the refreshed one. It includes visual representations of any material changes and provides separate sections to identify new liabilities, inquiries, and public records.
Instant Merge® LQ Report (Hard Inquiry)
Note: *Report only available on Credco.com.