Benefits of Inquiry Verification:
- Uncovers real time, updated information on any inquiries showing on a credit report
- Provides payment information of the new debt
Fannie Mae's
Loan Quality Initiative states:
Lenders delivering mortgage loans to Fannie Mae should ensure that mortgage loan underwriting standards recognize a variety of factors when evaluating a borrowers ability to repay a loan, including (but not limited to) an assessment of the borrowers debts and all liabilities that may affect the borrowers ability to fulfill the mortgage payment obligation...more
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