New Report Format Makes Credit Refreshes Faster and Clearer for Lenders
At Informative Research, we’re always looking for ways to make the lending process easier for our clients. One common pain point we've heard from our mortgage lending partners is the challenge of comparing original credit reports with updated ones, especially when ordering a "refresh" to get the most up-to-date credit data.
That’s why we’re excited to announce a feature enhancement to both our Account Refresh and Mortgage Refresh reports. Starting October 25th, 2024, our updated report format will help clients easily spot what’s changed from the original credit report to the refresh.
What's New?
The new format automatically organizes data from the original credit report with the refresh data on the same report. This means users no longer need to go back and forth between the two reports to compare details. Instead, all changes are displayed in a clear, side-by-side comparison, saving time and minimizing errors.
Sample of the New Report Format:
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Three Configuration Options for Flexibility
There are three versions of each report—Standard, Enhanced and Enhanced (New Only)—and both will feature these improvements, giving you a streamlined, intuitive view of the credit updates.
You can still choose between three configuration options to suit your needs:
- Standard: Offers a basic refresh of the credit data.
- Enhanced: Includes all available Trend Data for deeper insights.
- Enhanced (New Only): Focuses only on new Trend Data since the original report.
Whether you’re looking for a quick update or a detailed trend analysis, our refreshed reports deliver the data you need—right at your fingertips.
No Action Needed
The best part? There’s no extra configuration needed. The updated format will automatically apply when you order a refresh, giving you more clarity and better insights without lifting a finger.
We’re confident these enhancements will make credit refreshes faster and more user-friendly, allowing our clients to focus on what matters—serving borrowers.
The release date for this feature enhancement is October 25th, 2024.
