Mortgage Loan Report
The Mortgage Loan Report is a repository-based report that highlights open mortgages and judgments instantly - resulting in quick underwriting decisions at reduced costs.
Kroll Factual Data maintains Errors & Omissions coverage in the event that we are responsible for lender loss or financial damages resulting from an error or omission – making our Mortgage Loan Report an excellent alternative to more costly and time-consuming traditionally used products.
Why Our Mortgage Loan Report?
- Close Loans Faster
Our Mortgage Loan Report is returned instantly through our secure online platform allowing you to make a prompt underwriting decision and close loans faster.
- Reduce Closing Costs
Our Mortgage Loan Report is significantly less expensive than traditionally used title insurance – enabling lenders to decrease closing costs.
- Standard & Poor’s Approval
Standard & Poor’s Rating Services has announced their acceptance of our Mortgage Loan Report as an alternative to title insurance and that they believe that the use of our report will expedite origination while reducing costs.
- Borrower Retention
With our Mortgage Loan Report, you can approve more loans faster and keep potential borrowers from shopping at other lenders.
- May be Cancelled for Failed Loans
You have the ability to cancel Mortgage Loan Reports for loans that don’t close. For cancelled reports, we will credit you the cost of the report for a small administrative fee.
- Closing Services Available
Kroll Factual Data offers a Legal & Vesting Report, Witness Signing Services, Disbursement Services, and Recordation Services to meet your specific closing needs.
