The Sound of Covid-19: Nurse's View

 

Jarring description of Covid 19 sound. Please mask up indoors and out. Get used to it & live. Use these links. ✨N95 masks ✨rubber gloves ✨silver hydrosol (I spray mine in my eyes, throat, and ears to be sure)  ✨ Oscillococcinum

5 Ways To Buy Commercial Property [With NO Money]

#Clearnailstamp is on my #Pandemiclife list of supplies

 

 

I saw this clear nail stamp and knew I had to have it. I do not have a steady hand so this would go a long way with me. I still like a polished, sleek look when I am out and about. I like to keep it cute and this will help me. 

Helpful #Pandemiclife supplies

 

Zapzyt maskney/acne treatment Silver Hydrosol dietary supplement for scratchy eyes and throat

Micellar Water for pore cleansing

Oscillococcinum

 

Impossible burgers made from plants MorningStar Meatless bacon Vital Proteins Collagen Peptides 24 oz N95 masks

 

This #Pandemic Life (new blog)

Full Factual & Fair Credit Reporting Act: New product enables lenders to fill the gap

We in the United States have long been indoctrinated with the idea that homeownership is the pinnacle of having it all. We want our piece of the rock, the American Dream. However, the dream can become nightmarish if you are unaware of the newest process for mortgage lenders. 

Across America, lenders have stacks of incomplete mortgage applications just waiting for the applicants to satisfy this judgment or track down receipts and paperwork for that lien or explain why these very poor decisions were come to in the first place—20 years ago.

 Where has the American Dream gone?

If you can't get approved for a home loan and have made it all the way through the process just to be slapped down during underwriting, the following press release can shed light on why. A Lexus Nexus mortgage search captures a complete investigative credit history. Jobs that pay over $75K and loans over $150K will remain with you forever until satisfied and explained. This new trend signals the end of the housing market as we knew it.
  
Banks want out of the real estate industry.

Apparently, due to high foreclosure and mortgage fraud, lenders felt it necessary to take steps to shield their interest in the home buying process. Real estate owned or REO is used to describe property owned by a lender— usually a bank, government agency, or government loan insurer— after an unsuccessful sale at a foreclosure auction. Not all mortgage lenders utilize such an aggressive tool on their clients. Mostly lenders within federal housing programs where they get to be picky about which customers to serve from amongs the poor and working class are the ones practicing the most astringent techniques to whittle down the pool of applicants. You have found a jewel if you have a mortgage lender who is willing to work with you.

The Tea

 Commercial lenders like Quicken Loans, I hear, do not utilize such techniques but instead stick to finding as many customers as possible, a home of their own. 

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May 25, 2017 06:52 AM Eastern Daylight Time

LOVELAND, Colo.--(BUSINESS WIRE)--Factual Data, a leading provider of credit and verification services to the mortgage lending industry, announced today its alignment with data and analytics company LexisNexis® Risk Solutions to offer the LexisNexis® RiskView Liens & Judgments Report. This new FCRA product enables lenders to fill the gap left behind when the National Credit Reporting Agencies cease offering access to most liens and judgment data in two months.

“Factual Data is proud to provide to our customers a FCRA product that will be fully integrated into their current credit report format, helping them to continue to thoroughly assess consumer credit worthiness.”

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Once the three Nationwide Credit Reporting Agencies implement this change, approximately 50 percent of tax liens data and 96 percent of civil judgments data will be removed from their credit reports. This has created an environment of uncertainty for mortgage lenders, who have relied on this data for more than two decades to evaluate consumer home loan applications.

“Aligning with industry leader LexisNexis was critical in our efforts to addressing this impending information gap for our customers,” said Jay Giesen, senior vice president, Factual Data. “Factual Data is proud to provide to our customers a FCRA product that will be fully integrated into their current credit report format, helping them to continue to thoroughly assess consumer credit worthiness.”

LexisNexis Risk Solutions has observed that borrowers who have a judgment or tax lien are 5 ½ times more likely to end up in pre-foreclosure or foreclosure, as compared to borrowers who don’t have judgments and tax liens, making this information vital for lenders. According to LexisNexis Risk Solutions, this new RiskView Liens & Judgments Report delivers technology advancements that bolster the reliability of lien and civil judgment content, with greater than 99 percent reliability and full compliance with Fair Credit Reporting Act regulations.

“Factual Data approached us early in our development effort and recognized the importance of liens and judgments data for their customers,” said Tim Coyle, senior director, real estate and mortgage at LexisNexis Risk Solutions. “The report will assist a lender’s ability to assess an applicant’s ability to pay, minimize related closing delays and comply with investor requirements. Factual Data’s extensive integrations with customers and leading industry platforms will make it simple for customers to adapt and protect themselves from the upcoming credit report content change.”

The report will be available from Factual Data in July. For more information on this and other services, please contact Factual Data at:

• Phone: 800-275-3389
• Email: info@factualdata.com

About Factual Data

Factual Data is a trusted provider of credit, risk mitigation, flood, and verification services to the mortgage industry. Leveraging innovative technology and deep industry experience, Factual Data simplifies the mortgage lending process for its customers and their borrowers. For information, please call 800-275-3389 or visit www.factualdata.com.

About LexisNexis® Risk Solutions

At LexisNexis Risk Solutions, we believe in the power of data and advanced analytics for better risk management. With over 40 years of expertise, we are the trusted data analytics provider for organizations seeking actionable insights to manage risks and improve results while upholding the highest standards for security and privacy. Headquartered in metro Atlanta, LexisNexis Risk Solutions serves customers in more than 100 countries and is part of RELX Group, a global provider of information and analytics for professional and business customers across industries. For more information, please visit www.lexisnexisrisk.com.

Contacts

Factual Data
Maggie Maes, 970-619-7050
Maggie.maes@factualdata.com
or
LexisNexis Risk Solutions
Jean Creech Avent, +770-862-7978
Director, Media and Analyst Relations
jean.creech@lexisnexisrisk.com

Major Changes Coming To Mortgage Underwriting | CNBC