CoreLogic Launching New Borrower Credit Report

While credit reports are designed to give lenders a look at an individuals credit history at times the reports don't tell the whole story.  Thus CoreLogic is now beginning to create a new credit report that will supplement existing reports.  The new reports will contain information such as...

• Properties owned (with and without debt obligations)
• Mortgage obligations with companies that may not report to traditional credit reporting agencies
• Property legal filings, such as notices of default
• Property tax amounts and payment status
• Estimated market values on all U.S. properties owned
• Rental applications and evictions
• Inquiries and charge-offs from pay-day and online lenders
• Consumer-specific bankruptcies, liens, judgments and child support obligations

This information is meant to help better determine overall risk of a borrower.  In some cases this information may help someone obtain a loan while in others it may hurt. For more details visit CoreLogic.