FHA – Judgment Not on Credit Report: A QC check picked up a judgment on my borrower that did not show up on the credit report. How did this happen?
Answer: There are new standards at the credit bureaus regarding judgments and liens. Contact me for the full update. The three nationwide consumer credit reporting agencies − Equifax, Experian, and TransUnion − announced plans to implement a public record data standard effective in July 2017 that is designed to improve the accuracy of credit reports. […]