WHAT'S NEW
LQI Refresh Credit Report
It’s not always easy to tell if two things are equal.
That’s why we developed the Comparison Report that allows you to compare two reports in less than 10 Seconds, making it easy to comply with the new Fannie Mae Loan Quality Initiative standards.
Comparison Report Key Features:
Quick Reference Summary Section
General Information Comparison
Credit Score Comparison
Credit Score Factor Comparison
Trade Line Comparison
Public Record Comparison
Inquires Comparison
Information Sources Comparison
For more information please contact:
Phone: 800-910-0015 or by email: info@birchwood.cc
New Desktop
Birchwood is excited to announce our new updated desktop! Simply log into the Birchwood website, at www.birchwood.cc . Once you are there, simply log in using your unique user name and password.
Everything will look the same, but in the left bottom of the page you will see NEW MAIN DESKTOP, click on it and open the door to the new, exciting and user friendly desktop!
The new desktop has been updated to be able to provide more information to you at the click of the mouse. You will continue to see the old desktop until the end of the month. We think you will be excited and pleased with the new updates.
If you have any questions, please do not hesitate to contact us for immediate assistance: Phone: 800-910-0015 or by email: info@birchwood.cc
New Fannie Mae Guideline For SSN’s
Starting June 1st, 2010, Fannie Mae is requiring additional verification of the social security number on files that are deemed “Potential Red Flag”. The verification of social security numbers must be a direct validation from the Social Security Administration’s database, such as the Consent Based Social Security Number Verification (CBSV) Program. Birchwood Credit Services, through our partnership with Veri-tax, is an authorize agent of the CBSV Program.
SSN-MatchDIRECT™ - Automated Form SSA-89 Processing in minutes.
SSN-MatchDIRECT™ verifies whether a name and Social Security Number (SSN) combination match the data in the SSA’s records. SSN-MatchDIRECT™ is the result from processing the signed consent Form SSA-89. The Form SSA-89 is currently the only way to verify a Social Security Number 100% directly from the SSA.
Easy and Fast Order Processing!
Simply log in to your Birchwood account and create the SSN-MatchDIRECT™ order right online. Upload the SIGNED Form SSA-89 into the order. Once the order and form is approved, the results will come back from the SSA’s CBSV database inside the order instantly! The turn-around time is usually 10 to 40 minutes.
For more information please contact:
Phone: 800-910-0015 or by email: info@birchwood.cc
Continuing Education Courses
Birchwood Credit Services, Inc. is looking for a banking partner in the state of Maine to jointly offer the Continuing Education Course outlined below to Maine Real Estate Brokers. The course is approved for 3 clock hours of continuing education credit by the Maine Real Estate Commission.
_
COURSE TITLE: “Understanding & Maximizing Consumer Credit Scores” (Program #MS604C001LE)
COURSE OUTLINE: This course is an introduction for real estate professionals to understanding FICO scores currently used by the majority of mortgage lenders in determining consumer credit worthiness. The course explores how credit reports are developed, how FICO credit scores are calculated and what data is used in determining a consumer’s credit score. Instruction is provided on the proper steps involved in correcting erroneous credit data contained in a consumer credit file. The focus of the course is on useful, hands-on practical applications used by credit grantors to assist the consumer in maximizing their FICO scores through use of Internet based software tools. Because many consumers have FICO scores that are artificially lower than they should be due to inaccurate data on their credit files and because of mismanagement of the credit data contained in their credit files particular attention is paid to personalized credit management and optimization solutions available to the real estate professional. This course will assist the real estate professional in understanding the importance of credit score optimization in the current marketplace and how to use the available optimization systems to help consumer buyers.
INSTRUCTOR: Larry Avery, Birchwood Credit Services, Inc.
Offering the above Continuing Education Course is an excellent way to build relationships and goodwill with Maine Real Estate professionals. There is no cost to the bank to offer the above course other than providing a meeting location for each course sponsored. Birchwood provides all course instruction and materials including the handling of course registration. Course promotion may be done by the bank. The registration fee is usually $40 per registrant but is waived for the bank or affiliate sponsored courses. You, of course, have the option of offering the course free of charge or you may bill this fee.
If you are interested in the above program, you must become a Birchwood client actively utilizing, at least, one product line. There are no other requirements. Birchwood also offers other consumer-based seminars covering “What Every Consumer Should Know About Credit Reports” which you may offer as educational outreach to you current and future customers. We offer up to four (4) scheduled courses a year, either the Maine Real Estate course or consumer outreach course, should you wish to participate.
As discussed, Birchwood products are priced competitively, with access to a wide range of products and services, including TRV reports, Flood reports and AVM reports. Remember, your bank only has to use a single product line to qualify should you be interested.
Thank you for your time and we would be happy to meet with you personally to discuss this opportunity or answer any questions. Feel free to call me at 1-800-910-0015 or Larry Avery directly at 603-785-4625.
|
