Equifax Tri-Merge Consumer Credit Data Integrated With LaserPro(R)
ATLANTA, Aug. 20, 2014 (GLOBE NEWSWIRE) -- Equifax Inc. (NYSE:EFX), a global information solutions provider, today announced that Credit*Hi-Lite™, its tri-merge consumer credit report, is now integrated with D+H's LaserPro®, the industry's leading compliant lending and documentation solution.
Integrating Credit*Hi-Lite™ with the LaserPro Consumer Origination & Processing and Mortgage Origination & Processing modules enables mortgage loan originators (MLOs) to optimize their sales workflow, provide borrowers with immediate eligibility feedback, and present loan options that are appropriate for the borrower. Upon request, lenders using the LaserPro Consumer and Mortgage Origination & Processing modules are able to access tri-merged credit reports directly from within their LaserPro transactions. This capability automatically populates liability, credit score and key factor data into LaserPro which further streamlines data entry tasks. Applications are automatically populated with credit report liability data so that lenders can quickly determine an applicant's ability to repay. In addition, credit scores and related key factors populate Credit Score Disclosures, Risk-Based Pricing and Adverse Action Notices and Credit Approval Worksheets in LaserPro.
"Reducing workflow timelines and eliminating issues associated with manual data entry is pivotal to lenders' success. Delays are costly and can quickly pile up, so it is important to have a means of preventing those headaches altogether," said Craig Crabtree, SVP of Equifax Mortgage Services. "Combining D+H's expertise and proven technology with our leading data insights provides lenders with the strongest possible defense in the fight against challenges in loan processes."
"We are pleased to offer this integration to our clients to streamline their loan life cycle and reduce errors in the process," said Mitch Lucas, vice president of product management and legal compliance at D+H. "Providing this expanded functionality with Equifax as one of the industry's leading credit data providers with LaserPro is a way to help our mutual clients be more accurate and efficient in their lending process."
Mortgage lenders desiring more details about this integration can request more information by clicking here.
D+H is a leading provider of secure and reliable technology solutions to domestic and global financial institutions with a reputation for being a trusted partner that helps clients build deeper, more profitable relationships with their customers based on rich industry and market insight, and consumer knowledge. Today, approximately 7,000 banks, specialty lenders, community banks and credit unions rely on D+H to deliver solutions across three broad service areas: Banking Technology Solutions, Lending Processing Solutions, and Payments Solutions. Our integrated, compliant technology solutions enable clients to grow, compete, and optimize their operations, while our forward looking approach helps them stay ahead of the market and anticipate changing consumer needs. D+H is one of the world's top FinTech companies as measured on the FinTech 100 list.
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About Equifax, Inc.
Equifax is a global leader in consumer, commercial and workforce information solutions that provide businesses of all sizes and consumers with insight and information they can trust. Equifax organizes and assimilates data on more than 600 million consumers and 81 million businesses worldwide. The company's significant investments in differentiated data, its expertise in advanced analytics to explore and develop new multi-source data solutions, and its leading-edge proprietary technology enable it to create and deliver unparalleled customized insights that enrich both the performance of businesses and the lives of consumers.
Headquartered in Atlanta, Equifax operates or has investments in 19 countries and is a member of Standard & Poor's (S&P) 500® Index. Its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. In 2013, Equifax was named a Bloomberg BusinessWeek Top 50 company, was #3 in Fortune's Most Admired list in its category, and was named to InfoWeek 500 as well as the FinTech 100. For more information, please visit www.equifax.com/mortgage.
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Source: Equifax Inc.