Origination/Lending
CredStar Unveils ENCORE Credit Report
By
JON PRIOR
November 12, 2009 12:10 PM CST
CredStar, a credit information provider for the lending industry, launched its ENCORE report to its credit union and mortgage lending customer base.
CredStar is part of the First Advantage Corporation, a subsidiary of the First American Corporation (FAF: 32.41 -0.77%).
The report provides risk analysis compliant to the Fair Credit Reporting Act for all critical elements of the mortgage application and servicing process.
The ENCORE report features applicant credit risk, identify verification, applicant income and employment verification, subject property and market data.
According to CredStar, estimated fraud losses could reach $25bn in the current economic environment.
“As part of the First American family of companies, we’re able to leverage our vast data resources and natural synergies with CredStar to expand ENCORE’s reach to their markets,” said John Bauer, executive vice president of business development for First American CREDCO.
Write to Jon Prior.
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