Equifax Inc. announced today the launch of a breakthrough mortgage solution to help lenders comply with Fannie Mae's updated policy regarding borrower liabilities. Undisclosed Debt Monitoring(TM) is the mortgage industry's first platform to monitor for and notify financial institutions of new accounts and borrower activity initiated during the "quiet period" - a historical blind spot for lenders. With this latest Equifax solution, lenders can address Fannie Mae's guidelines while gaining increased transparency into the underwriting process to uncover undisclosed debt and minimize buyback risk.
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