Using Merged Credit Report Options in Loan Prospector
To use Loan Prospector's Merged Credit Report options, you must setup a relationship with a credit reporting company/agency (CRC) or their affiliated companies, or update your existing CRC account with your Loan Prospector information. For helpful tips on using merged credit in Loan Prospector review the Merged Credit Best Practices document.
Loan Prospector has a direct connection with participating CRCs, which is extended through their affiliates, to provide merged credit reports to our Loan Prospector customers. You must establish agreements with at least one of these companies to use the merged credit options in Loan Prospector.
- Credit Reporting Companies/Agencies
- Affiliated Companies
These credit reporting company affiliates provide credit services through one of the participating direct credit reporting companies that offer merged credit reports through Loan Prospector. To establish an agreement with an affiliate, contact the company directly.
Affiliates are listed alphabetically by name.
The following credit scoring models are currently accepted via Loan Prospector:
- Experian/Fair Isaac Risk Model V2
- Equifax Beacon 5.0
- Trans Union FICO Risk Score 04
Existing CRC Customers
Even though you have an existing relationship with a CRC, you must update your CRC account with your Loan Prospector TPO number or Freddie Mac Seller/Servicer Number to access merged credit reports and Reference Numbers through Loan Prospector.
New CRC customers who don't have an existing CRC agreement in place, will need to contact one of Loan Prospector's participating CRCs or their affiliated companies to establish a relationship before using our merged credit report options.
To set up an agreement with one of the CRCs or their affiliated companies, complete the agreement for the CRC or affiliate of your choice (signing up with two or more companies is recommended).
Where PDF agreements are provided, please mail or fax completed agreements directly to the appropriate credit reporting company or affiliate company; do not send the paperwork to Freddie Mac. Online agreements can be submitted electronically. If you have questions concerning this process, you can contact Freddie Mac at 800-FREDDIE [373-3343] or contact the CRC directly.