Undisclosed Debt Monitoring – UDM
Undisclosed Debt Monitoring (UDM) service through ACRAnet monitors pending mortgage applicants for undisclosed liabilities and inquiries on a daily basis.
UDM helps our clients meet Fannie Mae's Loan Quality Initiatives (LQI) pre and post-closing requirements.
Why Use UDM?
Stay in Compliance with Fannie Mae and Freddie Mac to identify undisclosed financial obligations.
Save time and avoid delays in loan closing by quickly identifying critical changes on a borrower’s credit file i.e. late pays, collections, inquiries, higher credit card balances and new tradelines while your files are in processing and underwriting
Lender Pipeline protection by identifying a mortgage inquiry when a consumer is shopping for another mortgage with a competitor.
Prevent lender buy backs for debt not disclosed prior to funding and affecting DTI
Our UDM products includes Equifax, Trans Union and Experian.