Consumer Credit Reporting
The built-in assistant guides you through the necessary steps to generate a Metro 2 compliant file. During the generation process, the assistant gathers the information already stored in your loan and payment history files to create the export file which is ultimately delivered to the credit bureau(s) of your choice.
With the Metro 2 Credit Reporting Module You Get
- Accuracy with data validation to make certain your data is compliant
- Reports to Equifax, Innovis, Experian and TransUnion
- Seamless integration with the Loan Servicing module avoids duplication of data
- Generates an errors and exemptions report to help you identify and correct mistakes
- Complete support for Metro 2 format including appendages
- Generates detailed audit report after each transmission
- Supports all status codes, type codes, comment codes, and 24-month history.
The Metro 2 Consumer Credit Reporting module is compliant with the Federal Credit Reporting Act (FCRA), which ensures accurate reporting.
View The Mortgage Office™ Hardware and Software Requirements