Credit Report Services
The Fair and Accurate Credit Transactions Act (FACTA) requires mortgage brokers and lenders to provide a disclosure to any home loan applicant on which they have viewed a credit score. The disclosure must include:
Key factors affecting the score
The date the score was created
Name of the bureau that created the score
CIS helps you comply with FACTA by handling the delivery of the disclosure for you. CIS mails the required disclosure directly to the applicant, within the required time frame, when you request Score Disclosure service.