Overview
Instant Merge® is a trusted credit reporting solution widely used in the mortgage industry. It consolidates data from up to three major credit bureaus into a single, easy-to-read report. Ordering an Instant Merge report is straightforward and follows the same process as ordering other report types, such as Prequal, Preapproval, or Home Equity. This article will walk you through the steps to place an order.
Order a Credit Report
From the Credco Integration screen, select a report type from the Report Type drop-down menu.
Instant Merge: Most common credit report that combines credit data from up to all three major bureaus into a single report.
Prequal: Credit pre-qualification using a soft credit pull with a FICO score.
PreApproval: Credit pre-approval using a single-search, soft inquiry of all three major credit bureaus that establishes borrower eligibility without affecting their credit score.
Home Equity: Report that pulls data from all three credit bureaus to qualify borrowers for Home Equity loans or HELOCs.
Confirm New Request as Request Type.
Select Individual or Joint from the Report On drop-down menu.
On the right side of the screen, select the credit bureaus to include.
If you want to automatically import liabilities from the report, select Auto-Import liabilities, and if you want to exclude “zero balances” from the liabilities import, select Check this box to exclude zero balances.
Click Submit.