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While CreditXpert™ helps you and your applicant understand credit scores and what to do to improve them, our Expedited File Maintenance program gets the job done! Through our association with the major repositories, with proper documentation our file maintenance program allows a consumer's file to be updated at the bureau level within 2-3 business days under most circumstances.

Download the File Maintenance Request Form

How does it work?

Removes inaccurate items from a credit report at the repository level
Completes reports in 2-3 business days
Re-pulls and re-scores updated credit reports
May or may not change borrower's FICO score
Meets Fannie Mae & Freddie Mac guidelines
Is available with all 3 repositories

Acceptable documentation provided by the consumer:

Letter from a credit grantor authorizing correction to its own trade line. The letter must clearly identify the consumer, the account(s) to be changed, be signed by an authorized representative of the creditor and include the phone number. Letters on company letterhead from the creditor reporting the information with the account number as it appears on the credit file.
Universal Data Form signed by the creditor requesting a change to its own trade line. The UDF must clearly identify the consumer, the account(s) to change and include a phone number.
Certified Court Document (release of lien, satisfaction of judgment, etc.)
If the trade is in bankruptcy, the consumer must provide the discharge letter and the list of creditors showing the specific account on the list.

Unacceptable documentation provided by the consumer:

Letters not on company letterhead
Hand written letters
Letters without an account number (as it appears on the credit file)
Letters not specific as to what is needed. Ex: If the account needs to show as "paid in full" then the documentation must state "paid in full"
Copies of paid receipts, western unions, cancelled checks, bank statements, computer print outs, bills or pay history print outs

Note: Mixed Files can be processed with Experian for a flat rate. Please contact Data Facts for more details.

***All repositories prohibit Data Facts from passing the cost of this service on to the consumer either directly or indirectly.

The File Maintenance performed will possibly update the credit scores, which may help your customer qualify for the loan they desire. This program may help you close more loans and provide better customer service for your customers.

To submit a File Maintenance Request, complete this document: File Maintenance Request Form

Contact our File Maintenance and Rescore Specialist Andrea Pike at 800-264-4110 or apike@datafacts.com

Want more information? Contact us

*Pricing is based on volume and a number of other factors. Please contact Sales at 901.685.7599 or mtginfo@datafacts.com to get a quote for your specific needs.

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"Through the years, Data Facts has been nothing less than a great partner. The work ethic of the staff, the organization of your company, and the professional services provided by both make Data Facts an asset to any company."

Bill, President/Mortgage Division