Equifax Data Breach

New York Consumer Law Blog

Friday, May 26, 2017

One Step Forward, One Step Back?

CBCInnovis, a leading provider of credit reporting and data validation 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.

 

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 change 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.

https://www.nationalmortgagenews.com/press-release/cbcinnovis-to-offer-lexisnexis-riskview-liens-judgments-report-limiting-risk-for-home-mortgage-lenders



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