#831 credit bureau report II
This supplement was designed in accordance with the specifications provided by the Associated Credit Bureau (ACB). It will create a data file that can be forwarded to the credit bureau. Although there are four national credit reporting organizations (Trans Union, Equifax, Innovis and Experian), credit bureaus are operated independently, and reporting requirements vary from one to another. For example, some credit bureaus will not accept an electronic file unless you are reporting on 500 or more loans. For this reason, we strongly recommend you contact your local credit bureau for guidance before purchasing and installing this supplement.
Metro Status Code II guidelines are used in this supplement. The program will retrieve information from Loan Master files and loan histories, and automatically assign a status code based on the payment history with special attention to the loan balance and a next due date. However, an optional field may be used to override the automatic status code. Additional optional reporting codes may be included in the data file and relate to Special Comments, Compliance Condition, Consumer Transaction Type, and ECOA codes. The borrower's date of birth may also be included. Should you desire to use any optional reporting codes, please request a listing of codes from your credit bureau. A booklet including all optional codes is also available for purchase from the ACB.
Metro Status Code II guidelines are used in this supplement. The program will retrieve information from Loan Master files and loan histories, and automatically assign a status code based on the payment history with special attention to the loan balance and a next due date. However, an optional field may be used to override the automatic status code. Additional optional reporting codes may be included in the data file and relate to Special Comments, Compliance Condition, Consumer Transaction Type, and ECOA codes. The borrower's date of birth may also be included. Should you desire to use any optional reporting codes, please request a listing of codes from your credit bureau. A booklet including all optional codes is also available for purchase from the ACB.
costs
|
# Licensed Users
1 - 2 Users
3 - 4 Users
5+ Users
|
Purchase Price
$300.00
$350.00
$410.00
|
Annual License/Maintenance
$45.00
$52.50
$61.50
|
