With nearly 40 years of
experience in the credit industry, Certified Credit understands the
obstacles that modern mortgage lenders face. To combat these
challenges, Certified Credit has created a suite of automated
solutions, including their latest release, Cascade UDM.

Cascade UDM addresses the
issue of last-minute fallouts due to unexpected changes in borrowers’
credit activity, while helping lenders meet secondary market loan
quality standards. From the first credit pull to closing, Cascade
UDM helps lenders monitor their borrowers’ credit activity
continuously for new inquiries and balances that have the potential
to derail the loan process.

According to Founder and CEO
of Certified Credit, Lucy Kereta-Block, “In today’s mortgage
market, lenders are always looking for ways to streamline their
underwriting process. Reducing mortgage fraud is also a top concern.
Without continuous credit monitoring until closing, lenders’
fallout and repurchase risk can go up. That’s where Cascade UDM can
help.”

Using advanced automation,
Cascade UDM monitors borrowers’ credit activity as they move
through lenders’ sales pipelines. It integrates seamlessly with
many popular loan origination software (LOS) systems, enhancing
convenience for lenders. By using Cascade UDM, lenders can receive
daily insights and instant alerts via text/SMS, email, or throught
API regarding their borrowers’ activity, including:

• New tradelines
• New credit inquiries
• Late payments
• Increases in
  debt-to-income ratios
• Increases in payments
• Collection items

With these timely alerts,
lenders can reevaluate borrowers with sudden credit changes right
away, rather than finding out right before closing. In turn, they can
prevent expensive repurchase demands and costly closing issues.
Cascade UDM can also enhance LQI compliance, enabling lenders to meet
secondary market loan quality standards with greater ease.

According to Lucy Kereta-Block, “The
mortgage lending process requires continuous monitoring. Most…