A Comprehensive Credit Reporting and Information Solutions Company
Tri-Merge Credit Reports
Supplements/Updates
CreditXpert Suite of Products
Rapid Rescore
Flood Reports
4506T-Tax Return Verifications
SSA-89
LQI Initiative
Automated Valuation Models (AVMs)
Data/Fraud Validation Reports
Property Searches
And More...
Universal Credit Services is a top 10 national credit reporting agency, family owned and operated with
over 20 years of experience in the credit reporting industry. Since 1992, UCS has helped industry leaders mitigate risk, close loans faster, overcome underwriting challenges, save on costs and provide professional assistance every step of the way.
TM
Always Live and Toll Free... The Way it Should Be
No Voicemail:We invest in great people to provide great service. Our FCRA compliant customer service team answers the phone each time you call. No waiting, call queues or complex menus. A Team of Dedicated Professionals:Our expert staff is waiting to serve you and your clients’ needs.
Diverse Client Base: We demonstrate this diversity through our client roster which includes industry leaders in Banking, Mortgage Lending, Real Estate, Energy, and Automotive.
No Membership Fees or Volume Requirements: Pay only for the services that are provided.
Competitive Pricing: We offer pricing options and combinations that will help lower your costs, while continuing our exceptional service.
Multiple Report Formats: Universal Credit Services allows you to create your own customized report format.
LOS System Compatibility: Making the switch to Universal Credit is simple. UCS has invested in a highly flexible reporting system that can be integrated quickly into your preferred LOS system.
Why Universal Credit Services?
Products and Services
Tri-Merge Credit Reports: Authorized reseller of Trans Union, Experian and Equifax merged into one easy to read format.
CreditXpert Suite of Products: Find ways to improve your applicant’s scores to close more loans with
Credit Analyzer, What If and Credit Assure.
Supplements/Updates: Supplements can be ordered on our automated system or by a live representative usually completed within 24 hours.
Rapid Rescore: Allows expedited updates of trade line and credit information usually within 3-5 business days. CA Direct: A link on your website which allows borrowers to prepay for credit reports.
4506T-Tax Return Verifications: Our direct connection with the IRS allows you to order transcripts via fax or through our automated system and are typically returned within 24-48 hours.
Flood Reports: Instant access to universally accepted flood reports. LQI Compliance Products and Services:
Refresh Reports with the added convenience of the Comparison Report APP Data Validation Report (Fraud Report)
Borrower Identity Risk (ID Verification) Occupancy Risk (Address History)
SSA-89 Social Security verification with the IRS Watch List (Excluded Party)
Subject Property Report (Summary of Property Information) Liability Risk (MERS SS Lien Report)
Employment Risk (Employer ID, Verbal VOE)
AVMs: Quick and convenient ordering of Automated Valuation Models (HVE, CASA, PASS, HPA)
Score Disclosure Letter Consumer Copy of Report Explanation Letter
List of Creditors
Adverse Summary Report
Dispute Summary Mortgage Only
Mortgage Only with Scores Denial Letter
Trade Comparison Other Reports:
Close faster with our extensive products and services
Instant Credit Reports with Superior Customer Support
Tri-Merge Credit Reports
Reformatted and easy to read with multiple sequencing options available to
meet your needs.
Fraud Alert and OFAC (Office of Foreign Asset Control) name matching service included
on every report.
Creditor Information including phone numbers on every report.
Risk Based Pricing Letter included on every report.
Notice to Loan Applicant Letter on every report.
Ability to add or remove a spouse and/or add or remove a bureau/bureaus from
every report.
Ability to merge two individual reports together.
Online one-touch supplement requests.
Check total cost per borrower.
View tradeline information as reported from each bureau.
*Additional fees for postage and handling apply if UCS mails the letters.
We know how valuable your time is and how critical it is to
your success. Our friendly staff delivers credit expertise and
answers to your questions over the phone - no waiting,
no voicemail, no call queues or confusing extension menus.
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Tri-Merge Credit Report Sample
Credit Reports: 1, 2 or 3 Bureaus
(Equifax, Experian, and TransUnion)
1 2 3 4 5 6 7 8 9 10
1. Submission Data- Applicant/Co-Applicant names, addresses, social security numbers, and dates of birth submitted at input. 2. Credit Scores and Factor Codes- FICO Scores and factor codes. (Factor codes display most important to least important)
3. Open/Closed Accounts- Shows detailed account information including creditor, account number, dates reported/opened and last activity, high credit limit/amount, account type, balance, terms, past due amounts, months reviewed, 30/60/90+, status and source of information. Supplements can be ordered here by clicking on creditor name. (Can be sequenced)
4. Derogatory Accounts- Shows detailed account information on derogatory accounts including collections, charge offs, and past due accounts. (Can be sequenced)
5. Inquiries- Listing of companies that inquired in last 180 days (Can be sequenced)
6. Public Records- Listing of judgments, liens and bankruptcy items (Can be sequenced)
7. Creditors- Listing of creditor names, addresses and phone numbers (Can be sequenced)
8. Instant View Password- Instant View is a feature that allows retrieval of a PDF credit report without logging in to the system. You may allow a lender to view a credit report directly using Instant View. Although you may give an Instant View password to a lender, never disclose your regular login name or password. 9. Fraud Alert- Fraud alert information supplied by requested bureau.
10. Trade Summary- Summary total of accounts including number of accounts by type, balances, high credit amounts, payments, past due amounts, date of oldest trade, total secured and unsecured debt, and debt/high credit percentage
11. Derogatory Summary- Summary total of derogatory items and inquiries
12. Source of Information- Displays repository information including names, addresses, social security numbers, dates of birth and any variations of these items.
13. Disclaimer Info- Disclaimer and contact information for all bureaus, including addresses, phone numbers and websites. 13
12 11
Credit Analyzer
The Credit Analyzer products are geared toward improving the borrower’s credit score. Credit Analyzer will scan the credit file and look for ways to improve the borrower’s score.
Product Line
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Rapid Rescore Mode: Rapid Rescore Mode will analyze the borrower’s credit data, then give suggestions on what the borrower can do to improve his or her score. All suggestions offered in Rapid Rescore Mode, if completed using our Rapid Rescore service, usually reflect at the bureau level within 3-5 days.
Planning Mode: The difference between Rapid Rescore Mode and Planning Mode is that suggestions offered by Planning Mode generally take 30 days to reflect with the bureaus instead of 3-5 days.
Error Detection Mode: Error Detection Mode scans for possible errors with the borrower’s credit data and the number of estimated points the borrower’s score will increase if, indeed, the items were errors. Examples of errors are: collections that have been paid off, but failed to be reported as paid; credit limits and balances that are outdated, thereby affecting the borrower’s credit utilization ratio.
Credit Analyzer has three modes:
598
+
635
What-if Simulator
The What-if Simulator allows you to explore how various actions may impact your credit score. You can experiment with applying for credit, making payments, opening or closing accounts, transferring balances and more.
What-if Simulator has two versions:
Streamlined: When you first order the simulator the streamlined version will display. This version displays a table that includes: Creditor Information, Account Numbers, The Date the Account was Opened, Type of
Account, Credit Limit, Balance and Status. This version was developed for users that are already familiar
with the simulator feature to enable them to expedite the process even quicker. If you are still learning the options of the What-if Simulator and would like more help information displayed as you make actions, you may use the Alternative version.
Alternative: To display this version, click on the “Alternative Version” link at the bottom of the Streamlined Version. When Rapid Rescoring Mode is not selected, the passage of at least on month’s time is an automatic part of each scenario because you must normally wait a month for the new information to be reported to the credit bureau. However, Rapid Rescoring Mode turns off the passage of time so that you can see the effect of immediately correcting errors or updating out of date values. The actions available to you in the two modes are different because some changes require waiting for new information to be reported.
Get more approvals faster with credit score
Product Line
Rapid Rescore and CA Direct
Rapid Rescore
These require no documents but authorization is very important. We usually suggest that the consumer give verbal authorization to the creditor/creditors for all 3 credit bureaus. There are creditors that will not verify the information with a third party, even if it is a repository.
No guarantee item will be changed or that scores will increase. Additional fees do apply.
No Documentation Rapid Rescore
CA Direct
Set yourself apart from
the competition by offering
Universal Credit Services
unique products and resources
to your borrowers.
CA Direct is a link you put on your website that reduces your up-front costs with a borrower paid credit report. Your borrower enters their credit card information and will receive the Credit Radar report which delivers all 3 FICO scores and the Risk Based Pricing Letter. You receive the actual report in your name which is re-issuable through any automated underwriting system. We notify you via email with the file number, borrower’s name, address, phone number, email address and referral partner.
You have increased borrower loyalty since they have prepaid for the credit report and have received value (all 3 FICO Scores) with the Credit Radar Report while decreasing your costs.
You’ll be able to communicate and build better relationships by providing easy-to-understand explanations about their credit scores, including the factors impacting their credit.
A Rapid Rescore is an expedited change of consumer credit information at the repository level- (Experian, Equifax and Trans Union) This process usually takes 3 to 5 business days versus 30 to 45 days to resolve.
Necessary requirements: Documentation from the creditor on their letter head, dated and preferably signed with the consumer’s name, address and account number. It should also have a phone number listed. Also, please make sure the exact actions requested are specified in the letter (deleted, paid off, status change, etc). Usually takes 3-5 business days for the changes to take place. Trans Union usually always verifies letters. Experian & Equifax
perform random audits of letters. A new credit report should be pulled once the changes are made.
No guarantee item will be changed or that scores will increase.
4506-T, SSA-89, Flood & More
4506T- Tax Return Verifications (TRVs)
Obtain tax transcripts directly from the IRS to compare with what the borrower actually filed with the IRS. Detects potential fraud and reduces the risk of repurchase demands and is also a convenient way for
borrowers to supply income information during the application process that may have been misplaced or lost. Transcripts are available for forms 1040, 1120, W2s and 1099. Verify up to four years of previous income with turn-around times typically with 24-48 hours.
SSA-89
The SSA Form 89 Verification report verifies whether a name and Social Security Number (SSN) combination match the data in SSA’s records. The submitted information is matched against SSA’s Master File of Social Security Numbers (SSNs). The matching elements include: Social Security Number, name, date of birth and a gender code if submitted. Each SSN, name and DOB combination is submitted to the Social Security Administration via their CBSV (Consent Based SSN Verification Service) and will be returned with a “MATCH” or “NO MATCH” indicating that the submission either matches or does not match the SSA’s records. If applicable, SSA will return “DECEASED” when the input matches a record on the SSA’s Death Master File.
Flood Reports
Basic: A guaranteed flood zone determination (FZD) that provides all the required FEMA flood map and community participation status information.
Life of Loan: A guaranteed FZD that provides all the required FEMA flood map and community participation status information. The FZD is monitored for FEMA flood map revisions and community participation status changes for the term of the loan to maintain compliance with federal regulations and secondary market guidelines. Additionally, our life of loan FZDs are transferable between servicers. A borrower’s notification letter is included with a FZD for properties located in a SFHA (Special Flood Hazard Area).
HMDA: (Home Mortgage Disclosure Act) We provide the four required elements: Census Tract, Metropolitan Statistical Area, County Code, and State Code. HMDA information can be ordered with a FZD or independently in batch format.
Refresh Report
The Refresh Report option allows you to get an updated copy of the borrower's credit report through use of a "soft inquiry." This is generally done just before a loan is funded to ensure that the borrower's credit does not contain any additional debt or credit inquiries that may disqualify them from obtaining the loan, while also ensuring that the borrower's credit score isn't negatively affected by the inquiry. The Refresh Report complies with Fannie Mae’s Loan Quality Initiative Guidelines.
Comparison Report
The Comparison Report is an add-on product that allows you to easily compare two reports to detect
differences in the consumer's credit data. This feature is mostly used before a loan closes to compare a Refresh Report to the initial credit pull. Includes: Summary Section and compares the following: General Information, Credit Score & Score Factors, Trade Lines, Public Records, Inquiries and Source of Information.
Loan Data Validation Reports
Loan Data Validation Reports
Instantly search billions of public records to detect discrepancies in loan data reducing the risk of fraud while ensuring fraud prevention compliance
Packaged Report
Application Data Validation Package: A comprehensive validation package providing alerts against key loan data including: Borrower ID, MERS Liens, Occupancy, Employer ID, Property information, Valuation, Neighborhood factors, Watch lists, FEMA and Summary of findings.
ID Investigation Report: Validate personal information on an individual including: name, address, phone, date of birth and SSN or ITIN. In addition, the service checks the address and name against watch lists including OFAC and the death master list. The report returns an identity fraud risk score.
SSA Form 89 Verification: Direct submission to SSA to validate individual’s Name, SSN and DOB match SSA records. This report requires a borrower signed authorization.
Participant Report: Individual’s names and companies are checked against exclusionary watch lists including: OFAC-SDN, GSAEPLS and HUD-LDP as required under Fannie Mae seller service guide.
Identity Information -individual reports
Lien Information -individual reports
MERS SSN Lien Report: Detailed list of liens registered in MERS database, based on SSN search
See also: Subject Property Report contains a list of refinance and ownership information; Legal & Vesting Report contains current & past refinance history of property; Bankruptcy Lien Judgment Report includes current tax, mechanics liens, etc.
Property Information -individual reports
Subject Property Report: Summary of public information such as: ownership, property details, legal description, refinance and ownership history and neighborhood sales.
Employment Information -individual reports
Employer ID Report: Two part report including a summary of public data on company (address, phone, year founded, web site, number of employees, revenue and executives). Also includes a reverse lookup of input phone number to return name and address associated with phone.
Verification of Employment: Verification of employment status, title and salary by either faxing Fannie Mae form 1005 to employer or completing Freddie Mac form 90 via phone call with employer.
Income Information -individual reports
An indicative market value for many residential properties nationwide. The tax assessor's indication of value, if available.
Information on a subject property and recent sales history. Comparable sales analysis of similar properties.
Automated Valuation Models
HVE- Home Value Explorer is Freddie Mac’s AVM. HVE encompasses several models rolled into a single product, for one low cost. HVE uses Freddie Mac's unique proprietary algorithm that blends model estimates returned by their repeat sales model and hedonic model, which is considered their combining process. HVE provides extensive coverage of all 50 states and more than 3100 counties with its database of approximately 81 million property records.
CASA- Fiserv’s CASA has been validated by some of the most discerning lenders, rating agencies, and mortgage insurance companies. CASA leverages a very large, meticulously filtered property records database and multiple market specific analytical approaches to estimate current market values. It uses several appraiser inputs, such as comparable sales, home characteristics and time adjustments, but delivers an objective and reliable home value much faster to enable a quicker loan decision
PASS-Corelogic’s PASS is paired with the largest online property and ownership database in the nation. PASS® uses a hedonic-based model to calculate property values and incorporates property characteristics and comparisons with appraisal logic, price-time indexing and various statistical methods to arrive at an accurate and reliable property valuation. PASS coverage includes more than 2,900 counties and nationwide coverage extends to more than 97% of all U.S. transactions.
HPA- Corelogic’s HPA Home Price Analyzer is a hybrid AVM that searches from more than 200 million historical residential sales records using three independent methods: hedonic, location-based and index-based. Data options include an alert identifying properties that have sold more than once in the past two years and those with an unusually high level of appreciation.
CMV-DataQuick’s CMV Collateral Market Value uses geo-statistical formulas, analytics and
advanced algorithms combined with multiple data sources to generate estimated market values for residential properties. The report includes high and low estimates, a confidence score and relevant neighborhood data. An optional map shows the location of the subject property and comparable sales for more detailed insight into the neighborhood.
Automated Valuation Models (AVM)
AVM is a residential valuation report that can be obtained in a matter of seconds. Most AVMs provide an estimate of value for a specific property by using comparable sales, price trends, tax assessments and property characteristics.
An AVM typically includes:
Loan Origination Software
Company Name Product Name Integration Type
1003 Power Loan Builder 1004 Power Loan Builder Direct
AFT Solutions SMART System Direct
Avista Avista Fannie Mae
Avista Avista Direct
Banker Systems ARTA AgentLink
Blueberry Systems Relay Direct
Box Home Loans Box Home Loans Direct
Broker Logix Broker Logix Direct
Brokers Network Brokers Network Direct
Buyer Acquire ScoreGuardian Direct
Calyx Software Point Direct
CBC Innovis BytePro Direct / AgentLink
Channel Inc. Channel Direct
Closed First Closed First Direct
Commerce Velocity Private-label Direct
Creative Thinking CreativeVisions Direct
Criterion Systems Loan Vision AgentLink
CRMNow MortgageIQ Direct
Cygnus Mortgage Methods Direct
DataVision LoanQuoter Direct
DelMarDatabase DataTrac Fannie Mae
Del Mar DataTrac InTrac Fannie Mae
Delphi Information AppliDocs AgentLink
Delphi Information Discovery AgentLink
Dexma / Prime Alliance Prime Alliance Fannie Mae
Ellie Mae Encompass ePass
Ellie Mae Genesis ePass
eMagic eMagic Fannie Mae
eMagic eMagic Direct
Fannie Mae DO/DU Direct
Fidelity National Eastern Empower AgentLink / Direct
FICS LoanProducer AgentLink / Direct
FiServ EZLender Direct
FiServ Unifi AgentLink
FiServ MortgageServ Direct
FiServ Easy Access Direct
FiServ Metavante Direct
Company Name Product Name Integration Type
GHR Metavante GHR Metavante Direct
Harland E3 Direct
Harland MortgageWare Fannie Mae
In The Lead In The Lead Direct
Insight Lending Solutions PriceMyLoan Direct
Integra Destiny Direct
ISGN Catapult Direct
ISGN MORVision Direct
LenderFlex LenderFlex Direct
LendingQB/Lender’s Office LendingQB/Lender’s Office Direct
Lending Space Lending Space Direct
Loan Energizer Loan Energizer Direct
Loan Officer Plus Loan Officer Plus AgentLink
LoanScore LoanScore Direct
Mega Loan Officer Machine MLOM Direct
Mind Box Mind Box ePass
Mortgage Builder Software Mortgage Builder Direct
Mortgage Cadence Mortgage Cadence Direct
Mortgage Software Solutions The Mortgage Solution AgentLink
MortgageBot PowerSite (Pro), PowerManager Direct
MortgageFlex LoanQuest Direct
MortgageHub / ISGN TMO / Diamond / Bridgelink Direct
Nation Star XpressQual Direct
Nylx Nylx Direct
OpenClose / BeanStalk OpenClose Direct
Overture Overture Direct
PCLender PCLender Direct
Pipeline Solutions Pipeline AgentLink
ProLender Solutions ProLender Direct
RAM PowerPak PowerPak AgentLink
Search My Loan Search My Loan Inc Direct
Sound Software WinMort AgentLink
TeraVendo LoanAce Direct
TruResolution TruResolution Direct
USDA Guaranteed Underwriting System Fannie Mae
VueCentric MortgageDashboard Direct
Xetus XetusOne Direct
XL Dynamic MortgageSoft Direct
UCS can integrate into your preferred LOS to keep your workflow operating smoothly. Please view our LOS Compatibility Chart and let us know if we need to add your LOS.
Experience the difference of industry leading customer service:
TM
Always Live and Toll Free... The Way it Should Be
Toll Free Phone 800-358-8442
Fax 800-358-8915
Sales@UnivCredit.com
www.UnivCredit.com
Universal Credit Services
201 Marple Ave
PO Box 187
Clifton Heights, PA 19018
UCS has grown to be one of the largest national providers of mortgage services, lending services and trimerge credit reports by consistently providing the industry’s top customer service.
Since 1992, UCS has helped industry leaders mitigate risk, close loans faster, overcome underwriting challenges, save on costs and provide professional assistance every step of the way.
We know that you have many choices in credit reporting services...
