When the credit report contains tradelines disputed by the borrower, DU will firstĪssess the risk of the loan casefile using all tradelines, including those disputed. The borrower's spouse when the spouse is not on the mortgage transaction.įor manual underwriting consideration of authorized users of credit, see The lender is not required to review an authorized user tradelines that belongs to The information reported on the credit report is an accurate reflection of the borrower's The authorized user accounts had minimal, if any, impact on the borrower's overall Lender could make the determination that: Tradelines in good standing and only a minor number of authorized user accounts, the On the other hand, if the borrower has several If the authorized user tradeline belongs to another borrower on the mortgage loan, If the borrower makes the payments on the account. The relationship of the borrower to the owner of the account, Has a few accounts of their own, the lender should establish: When ensuring tradelines are an accurate reflection of the borrower's credit history,Īs a general guide, if the borrower has several authorized user accounts but only Review of authorized user tradelines, DU issues a message providing the name of theĬreditor and account number for each authorized user tradeline identified. ![]() When making its final underwriting decision. History without the benefit of these tradelines and use prudent underwriting judgment Of the borrower's credit history, the lender should evaluate the borrower's credit If the lender believes the authorized user tradelines are not an accurate reflection To ensure the tradelines are an accurate reflection of the borrower's credit history. ![]() ![]() Tradelines in which the applicant has been designated as an authorized user in order However the lender must review credit report DU takes credit report tradelines designated as authorized user tradelines into considerationĪs part of the DU credit risk assessment.
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