Data Facts Lending Solutions Blog

Jennifer Hamby

Jennifer Hamby’s career started at Data Facts, Inc. in 2007. During her tenure she has been dedicated to educating consumers on financial responsibility and the impact it has on one’s credit score. She has worked in the financial sector since 1996, and in 2010, was named Executive Vice President of My Credit My Future, a division of Data Facts, Inc. that provides credit and financial resources to companies as well as direct to consumers. Jennifer is very involved in both business and her community. She is a former member of NMBA, and served on the Advisory Board for TNMBA and NMBA . She has volunteered with Habitat for Humanity as a Budget Coach, and partnered with Junior Achievement by teaching financial education classes to High School Seniors. In 2008, when Tennessee adopted the Personal Financial Literacy requirement for all graduating seniors, Jennifer, worked directly with TN Jump$tart, educating Tennessee Teachers on all aspects of Financial Literacy to be used in the classroom.

Recent Posts

Fraud Alert and Credit Freeze: Which Do You Need?

Posted by Jennifer Hamby

Sep 19, 2017 11:15:42 AM

In light of the recent Equifax security breach, Data Facts is re-posting information on the mortgage lending services of fraud alerts and credit freezes.

 Approximately 15 million United States residents have their identities used fraudulently each year with financial losses totalling upwards of $50 billion.  On a case-by-case basis, that means approximately 7% of all adults have their identities misused with each instance resulting in approximately $3,500 in losses!!

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Topics: Identity theft, frozen credit files, mortgage lending services

The Advantages of E-Closings

Posted by Jennifer Hamby

Sep 18, 2015 8:00:00 AM

E-Signatures simplify and expedite transactions, making it easier, faster, and cheaper for buyers, sellers and borrowers to conduct business. What used to take days and weeks can now be accomplished in as little as 15 minutes.  The The E-Sign Act  was passed in 2000, so why has it taken so long for our industry to see the benefits for buyers, sellers, and borrowers?

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Topics: Mortgage compliance, CFPB, Mortgage Lending, TRID, Know Before You Owe, E-Closing, E-Signatures

40 TRID Facts You NEED To Know

Posted by Jennifer Hamby

Sep 10, 2015 9:23:00 AM

Thank you to ComplianceBuzz for putting together a comprehensive list of 40 TRID Facts You Need To Know. We are less than a month til the October 3rd deadline and wanted to refresh you and your team on some of these facts.  An added bonus...You can also take a sneak peek at our eBook "Steps to Reduce Third Party Risks" as part of our mortgage lending services. Enjoy!

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Topics: Mortgage loan, Mortgage compliance, mortgage news, Mortgage Lending, third party vendor, BankerVMS, Third Party Vendor Management, TRID, BDV

Why Are My FICO Credit Scores Different?

Posted by Jennifer Hamby

Sep 8, 2015 8:00:00 AM

If you’ve recently checked your FICO credit scores (Equifax, Experian and Transunion), you may have noticed that your credit score varies between the three. After thoroughly reviewing your credit report, you may be asking yourself, “Why are my 3 FICO credit scores different?”

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Topics: credit reports, Mortgage loan, Credit Score, Credit Bureau, FICO, Understanding Credit Scores

7 Tips For TRID Success

Posted by Jennifer Hamby

Sep 3, 2015 8:30:00 AM

The TRID deadline is only 1 month away! October 3rd is an important date in our industry, and information and preparedness are key to successful compliance with TRID.  Below are some quick and easy tips on the 3-day rule.  

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Topics: Compliance, Third Party Vendor Management, TRID, BDV

Must Know Tips To Protect Your Credit During A Divorce

Posted by Jennifer Hamby

Aug 20, 2015 9:47:51 AM

In the unfortunate event that you get a divorce, worrying about your credit score may be the last thing on your mind. However, even during the most trying times of our lives, the world keeps spinning and the fact is, divorce can greatly impact your finances and credit history.  With close to 50% of all marriages ending in divorce, and divorce finalization taking close to 1 year to complete, protecting your credit along the way is critical to your financial future. 

Below are some helpful tips on how to get thru a divorce without damaging your credit.

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Topics: credit reports, divorce, Credit Score, credit cards, Credit Bureau

The Credit Impact After Selling Your Home

Posted by Jennifer Hamby

Aug 11, 2015 8:00:00 AM

The housing market is HOT!  Are you getting ready to sell your home, but wonder if and how it will affect your credit? Selling your home could impact your credit in a few key ways. Let’s take a look and some of the ways- both postive and negative-your score could be affected after the sale of your home...

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Topics: Mortgage loan, short sale, Mortgage Lending, Understanding Credit Scores

Watch Out! The 6 Most Common Mortgage Fraud Red Flags

Posted by Jennifer Hamby

Aug 7, 2015 11:55:10 AM

We know mortgage fraud comes in various shapes and forms. Catching it early is key if mortgage lenders want to protect their organizations from costly expenses associated with the crime. 

There are several mortgage lending services that address mortgage fraud, and being proactive and savvy to the common ways consumers try to "pull off" mortgage fraud is necessary. 

Watch out for these key indicators of potential mortgage fraud. 

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Topics: lending solutions, Mortgage compliance, mortgage fraud, Mortgage Lending, mortgage lending services

Are Millennials "Credit-Invisible"?

Posted by Jennifer Hamby

Jul 30, 2015 11:27:42 AM

Millennials are one of the largest demographic groups in the U.S. It is estimated that by 2020, one in three adults will be millennials. Yet, unlike past generations, this group appears to be less active in traditional credit and financial markets. With 33% being under–banked and 63% not have having credit cards.  

Millenials do in fact apply for credit, but are denied at a much higher rate than their generational counterparts.  Why? 

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Topics: Millennials, Credit Score, FICO

Fraud Alert Vs. Security Freeze--Which Is Right For Me?

Posted by Jennifer Hamby

Jul 9, 2015 7:30:00 AM

Identity Theft is the fastest growing crime in America.  Approximately 15 million United States residents have their identities used fraudulently each year with financial losses totalling upwards of $50 billion.  On a case-by-case basis, that means approximately 7% of all adults have their identities misused with each instance resulting in approximately $3,500 in losses!!

Read More

Topics: Identity theft

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