Preventing Credit Reporting on a Deceased Borrower

• Related Articles

• How Servicing Director Handles Credit Bureau Reporting of Borrowers and Co-Borrowers

  In Servicing Director, when you set up the Credit Bureau Table setup, you can also choose to include one (1) or four (4) J2 segments (200 characters each) to handle the reporting of your co-borrowers. J2 segments include the following: Names and ...

• Explanation of the Date Of 1st Delinquency (DOFD) in Servicing Director Credit Bureau Reporting

  The Date of 1st Delinquency, often abbreviated to DOFD, is found in the Customer Service application > Payment > Credit screen, and is used for Credit Bureau Reporting. In the Servicing Director Credit Bureau Export file, the DOFD value can be ...

• Entering Borrower(s) Credit Scores in Servicing Director

  Credit scoring uses statistical models to assess the creditworthiness of a borrower or the likelihood that a loan will become delinquent. There are thousands of credit scoring models; each considers different variables for different types of credit. ...

• Servicing Director Credit Bureau Reporting for Service Released Loans

  In Servicing Director, after a loan is service released, the loan reports a Status of 5 on the Credit Bureau Export. A Status of 5 reports for two (2) months, the month when the loan becomes inactive, as well as the month following. After this, that ...

• Credit Reporting on New Loans

  When you board a new loan in Servicing Director, there will be no updates to the credit screen. To get to the credit screen: Customer Service application > Payment button > Credit button. The Credit Screen will not update until you run the Credit ...