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 Credco Integration screen, verify that Instant Merge Report is selected for the Report Type drop-down menu.
Note: The Reference Number field will display the reference number associated with a previously-ordered Instant Merge Report. LQ GAP Reports are only available if an Instant Merge Report has been ordered previously. Note:
Select Order Credit Refresh Report (LQ GAP) from the Request Type drop-down menu.
Select Individual or Joint from the Report On drop-down menu.
On the right side of the screen, confirm that all applicable credit bureaus are selected.
The three credit bureaus are selected by default, but you can update selections as required.
Click Submit.