Overview
Instant Merge LQ GAP helps enable Loan Quality Initiative (LQI) compliance by providing a comparison of any changes that occur on an applicant’s credit report subsequent to the initial report acquisition. This article explains the steps required to place an LQ GAP order.
Order an LQ GAP Report
From the Search Transactions page, add search criteria to bring up relevant results.
Select the checkbox for the applicable record, and click Order Addl Products in the menu at the top of the Search Results list.
Select Instant Merge LQ GAP from the Credit Products menu.
Verify Application Information.
Enter Loan Participant(s) to screen against the LDP or GSA exclusionary list, if applicable.
Note: Participant screening must be enabled on your account to utilize this feature on the LQ GAP report.
Click Order Products.