Providing lenders with much needed transparency, this solution monitors the borrower's activity to identify if new debts or liabilities are incurred during the “quiet period.” This helps to evaluate if the borrower has the propensity and capacity to repay the loan.
The integration of Equifax Undisclosed Debt Monitoring (UDM) within FraudGUARD constantly monitors borrower activity and provides proactive alerts with customized notifications. The analysis of the UDM alerts is included in the overall borrower risk score for FraudGuard®.
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