1. Lease Origination User Guide
  2. Underwriting
  3. Bureau Tab

7.11 Bureau Tab

The Bureau tab displays the credit report (if pulled) for an applicant. If there is a need for another pull for any applicant, it can be done here manually using the New Request section.

If there are any adverse comments received from the Bureau, system displays them under Exceptions/ Comments section against the specific Bureau record to alert the User. Following are some of the reasons:
  1. Application Indicates Potential Fraud
  2. Bureau Indicates Social Security Number Variance
  3. Duplicate Application Exists
  4. Bureau Indicates a Possible Current Delinquency
  5. Bureau Indicates Bankruptcy
  6. Bureau Indicates Consumer Statement
  7. Bureau Indicates a Possible Repossession
  8. Bureau Reports OFAC hit
  9. Bureau Reports Applicant as Deceased
  10. Potential Delinquencies for Auto Loans in Past 12 Months
  11. Customer Rate (APR) Exceeds the State Usury Rate
  12. Open Consumer Credit Counselling

The reasons will also be displayed in the Summary tab in Bureau details under Exceptions /Comments section.

To verify the credit bureau data using the Bureau tab
  1. Open the Underwriting screen and load the underwriting application you want to work with.
  2. Click Bureau.

    Figure 7-9 Bureau


    Description of Figure 7-9 follows
    Description of "Figure 7-9 Bureau"

  3. In the Bureau Details section, view the following information:

    Table 7-39 Bureau Details

    Field View
    Type The credit bureau request type.
    Bureau The credit bureau.
    # The credit bureau request number.
    Status The status of credit bureau request.
    Dt The credit bureau request date.
    Report The credit bureau report type.
    Credit Bureau Reorder# The credit bureau reorder number.
    App Ind If selected, indicates that a bureau was pulled for an application.
  4. In the Applicant/Customer Detail section, view the following information:

    Table 7-40 Applicant/Customer Detail

    Field Do this
    Type View the relation type.
    First Name Specify the first name.
    MI Specify the middle name.
    Last Name Specify the last name.
    Status View the credit bureau request status.
    Birth Dt Specify the date of birth.
    SSN

    Specify the social security number.

    Note: If the organizational parameter UIX_HIDE_RESTRICTED_- DATA is set to Y, this appears as a masked number; for example, XXX-XX-1234.

    Suffix Select the generation.
    Include Debt Select to include credit bureau information in the Liabilities section of the Summary sub screen.
    Populate Debt Select to load debt information from the credit bureau in the Liabilities section of the Summary sub screen.
    Address Type Select the address type.
    Country Select the country.
    Address # Specify the building number.
    City Specify the city.
    State Select the state code.
    Street Pre Select the street pre type.
    Street Name Specify the street name.
    Street Type Select the street type.
    Street Post Select the street post type.
    Apt # Specify the apartment number.
    Address Line 2 Specify the address line 2.
    Zip

    Select the zip code.

    For non US country, you have to enter zip code.
    Zip Extn Specify the zip extension.
    Phone Specify the phone number.
  5. In the Report Header section, view the following information:

    Table 7-41 Report Header

    Field View
    Bureau The bureau.
    First Name The first name.
    MI The middle initial.
    Last Name The last name.
    SSN

    The social security number.

    Note: If the organizational parameter UIX_HIDE_RESTRICTED_DATA is set to Y, this appears as a masked number; for example, XXX-XX-1234.

    Birth Dt The birth date.
    Note: The SSN and Birth Dt fields in Report Header section are displayed in red if there is a mismatch in the respective data present in the above Applicant/Customer Details section.
    Report Dt The report date.
    Onfile Dt The on file date.
    Credit Report Id The credit report id.
    Best Match The best match.
  6. Click Bureau Report.

    The system parcels out the details from the credit bureau report in the Bureau screen’s sub tabs (Summary 1, Summary 2, Tradelines, Public Records, Collections, Fraud Messages, Inquiries, Also Known As, Consumer Statements, and Credit Scores).

  7. Click Summary 1 sub tab.
  8. You can view the following information:

    Table 7-42 Summary 1

    Field View
    Trades Records of extended installment payments, mortgage and revolving credit, as detailed in the credit bureau report.
    Bankruptcy The total number of times the applicant has applied for Chapter 7, Chapter 11 and Chapter 13 bankruptcies, recently and throughout life.
    Past Due The total number of times the applicant has been past due on payments by 30, 60, or 90 days in the last year, two years, and throughout life.
    Public Records Number of legal actions, including liens, public records, and judgments over the course of the applicant’s life, as well as any that are currently open.
    Collection Trades referred to an outside vendor for collection.
    Credit Scores View the FICO and bankruptcy scores.
    Statistical Trade Ages Ages of the oldest and newest trades, as well as the average age of the open and total trades.
    Derogatory Trades Tradelines that an action other than being late was reported; this includes collections, repossessions, charge offs, and bankruptcies.
  9. Click Summary 2 sub tab.
  10. You can view the following information:

    Table 7-43 Summary 2

    In this section View
    Trades Records of extended credit for auto, bank, credit card, retail, Lease finance, and sales finance Lease, as detailed in the credit bureau report.
    Inquiries Requests for a credit report regarding Lease in the Trades section over the last six months, as well as total requests over 6, 12, and 24-month periods, as well as the newest and oldest request.
    Balance The total balance of retail and bank trades, as well as the high balance of each.
    Open Derogatory The following information for all of the customer’s open trade lines: the shortest and longest period of time (in months) since the customer’s most recent minor derogatory (30-60 days late), major derogatory (90- 180 days late), and derogatory (bankruptcy, repossession, or charge off).
    Derogatory The following information for all of the customer’s total trade lines (open and closed): the shortest and longest period of time (in months) since the customer’s most recent minor derogatory (30-60 days late), major derogatory (90-180 days late), and derogatory (bankruptcy, repossession, or charge off).
  11. Click Tradelines sub tab to view information about trade lines, such as the creditor’s name, trade’s status, type and code and balance information.
  12. View the following details:

    Table 7-44 Tradelines

    Field View
    Creditors Name The creditors name.
    Status The status of the tradeline.
    Type The type of tradeline, such as bank, first mortgage, travel card, and so on.
    Type Code The code for the type of tradeline.
    Past Due Amt The past due amount
    Balance The balance of the tradeline.
    Balance Dt The balance date.
    Open Dt The date the tradeline was opened.
    History Dt The trade line’s history date.
    History Data The trade line’s history data.
    30 The number of times the tradeline was 30 days past due.
    60 The number of times the tradeline was 60 days past due.
    90 The number of times the tradeline was 90 days past due.
    Creditors Subscriber # The creditor’s subscriber number.
    Mop The method of payment.
    Account # The account number.
    Credit Limit The credit limit.
    Term Pmt Amt The term payment amount.
    High Balance The high balance of the tradeline.
    Reported Dt The reported date.
    Duplicate If selected, the tradeline is a duplicate.
    Special Exclusion If selected, the tradeline is a special exclusion.
  13. Click the Public Records sub tab to view information about public records, including each one’s type, status, and amount, as well as the date the record was filed and resolved.
  14. View the following details:

    Table 7-45 Public Records

    Field View
    Record Type The record type.
    Status The status.
    Amount The amount.
    Filed Dt The filed date.
    Satisfied Dt The satisfied date.
  15. Click the Fraud Messages sub screen to view information about fraudulent attempts to use the applicant’s credit.
  16. Click the Inquiries sub screen to view all the credit reports for the applicant in reverse chronological order.
  17. View the following details:

    Table 7-46 Inquiries

    Field View
    Inquirer Name The inquirer’s name.
    Inquirer Subscriber # The inquirer’s subscriber number.
    Inquirer Industry Code The inquirer’s industry code.
    Inquiry Dt The inquiry date.
    Rate Shopping If selected, the inquiry concerned rate shopping.
    Duplicate If selected, if the inquiry was a duplicate.
  18. Click the Also Known As sub screen to view other names used by the applicant.
  19. Click the Consumer Statements sub screen to view statements that the applicant has issued to the credit bureau.
  20. Click the Credit Scores sub screen to view the score model, the score factor, and the score returned from the credit bureau report.

This section consists of the following topics:

Parent topic: Underwriting