Processing an applicant with little or no credit history used to be very time consuming and costly. Lenders typically faced costs exceeding $150 per applicant when using internal manpower to establish and research a consumer’s alternative credit history. And, without adequate resources, lenders often unintentionally assume additional risk.

The Anthem Suite of Services, an enhanced set of credit reporting tools from First American, can save your business time and money by alleviating the often labor-intensive process of gathering and validating non-traditional credit information. First American’s Anthem (Assisting Non-Traditional Homebuyers in Emerging Markets) Suite is designed to document the creditworthiness of any consumer without an established credit file or score.

By providing a standardized set of solutions that meets market standards, the Anthem Suite helps eliminate approval obstacles and ensures that your business is obtaining maximum efficiency while effectively managing risk. The Anthem Suite of services includes the following products:

Instant Merge
First American CREDCO’s 3-bureau merge report is widely regarded as the industry standard. Used for one out of every two credit reports pulled by the mortgage lending industry, the Instant Merge Report is the first step in any mortgage approval process.

Rapid Recheck
Have you found some discrepancies on a customer’s Instant Merge Report and need to get them corrected fast? Rapid Recheck expedites the dispute process with the bureaus in question. We will work to get the discrepancy resolved and pull a new report for you in as little as 30 days, as opposed to the standard 90 days it takes when working through the bureaus.

Anthem Report
If the Instant Merge you ordered for a customer returns little or no credit information, the Anthem Report is a standardized and accepted option. When you order an Anthem Report, First American CREDCO’s FCRA-certified specialists will personally gather alternative information such as rent, utility, and insurance payments made by your customer. The result is a credit report that exceeds secondary market requirements.

Anthem Score
Much like a FICO score, the Anthem Score distills the information from the Anthem Report into an easy to use scorecard that you can use to evaluate the risk your potential customer entails. Anthem Score is included at no charge when you order an Anthem Report.

Anthem Credit Score Disclosure (CSD)
Anthem Credit Score Disclosure (CSD) is delivered to you at no charge with every Anthem Report and Score and allows you to comply with Section 212 of the FACT Act. The Act requires all mortgage lenders to provide home loan applicants with a Notice to Home Loan Applicant and a Credit Score Disclosure.

Anthem Advisory
Anthem Advisory service can help reduce the time it takes to process and administer loans by proactively notifying you when a customer requires an Anthem Report.