Overview
Order an Instant Merge LQ report to identify new inquiries or credit liabilities within the 90-day lookback period and review changes to a borrower’s credit activity. The report provides a summarized view of new credit activity to help you satisfy Fannie Mae® Loan Quality Initiative (LQI) prefunding requirements.
Order an Instant Merge LQ report
On the Order Dashboard (Home), click New Order.
Tip: If you previously ordered an Instant Merge report for the applicant(s), you can save time by selecting Actions > Order Additional Products > Instant Merge LQ. This option carries over the existing applicant information so you don’t have to re-enter it.
Select Credit.
From the Credit Products list, select Instant Merge LQ.
Click Done.
Select a Report Language, either English (default) or Spanish.
Select or deselect the Bureaus you want included in your report.
Select an Application Type, either Individual or Joint.
Enter your Loan Number.
Enter the First Issued Date or select a date using the calendar picker.
Complete the Applicant and Co-Applicant section as applicable. Fields marked with a red asterisk (*) are required.
Last Name*
First Name*
Middle Name
Suffix
SSN*
Date of Birth
Email
Enter the Current Address for each applicant. Fields marked with a red asterisk (*) are required.
Tips:
Use the Address Type dropdown menu to change the address format type. Options include Normal, P.O. Box, Rural Route or Military. For military addresses, refer to the Entering Military Addresses.
Clear the Co-Applicant has same current address as Applicant checkbox to enter a different current address for the Co-Applicant.
If applicable, select the Previous Address tab, then enter the previous address for each applicant.
Tip: Clear the Co-Applicant has same previous address as Applicant checkbox to enter a different previous address for the Co-Applicant.
Use the Notes field to enter any additional information.
Note: Information entered in the Notes field will appear in the credit report header.
Click Submit Order.
Outcome
You can order an Instant Merge LQ report to identify new credit activity and help satisfy Fannie Mae® LQI prefunding requirements.