SALISBURY, Md.–CreditPlus, a provider of intelligent insight for mortgage professionals, announced that it will be offering LexisNexis RiskView Liens & Judgments Report. As part of the National Consumer Assistance Plan that went into effect July 1, 2017, Equifax, TransUnion and Experian reduced the amount of tax lien and civil judgment information they report on consumer credit files.
“Lenders can obtain this information from Credit Plus and fill in the data. At Credit Plus, we are all about helping mortgage professionals make more informed lending decisions and this new tool is another way to accomplish that,” stated Greg Holmes, National Director of Sales and Marketing at Credit Plus.
A preliminary analysis conducted by Experian shows approximately 96 percent of civil judgment public record data will no longer be included on credit reports; and almost 50 percent of tax lien information will not meet the pii criteria. FICO® has found that roughly 12 million Americans’ credit scores will increase based upon this change.