Sentences with phrase «lenders have access to data»
Most non-traditional lenders have access to data banks that put up the red flag on borrowers who are applying for a large number of loans.
http://www.badcreditloanservices.com/ Not exact matches
The researchers said they did not have access to names of the specific lenders that were included in the data they analyzed.
In a number of cases the credit bureaus buy the data from lenders or it's included in the agreement for the lender's access to reported data; so the lender may even have a contractual incentive to report in some specified time - frame.
So even if lenders aren't required to collect the data, they do have access to it.
In 2016, HouseCanary made that same data available to real estate professionals — now, that same information lenders had been using to decide whether or not to extend a loan, could also be accessed by a real estate agent working on the front lines with the consumer.