Credit Plus, a provider of intelligent insight for mortgage professionals, has rolled out a set of commercial credit reports and verification services that can help lenders stay on top of the credit status of their business customers.
The new Business Intel Suite is a compilation of business credit reports. It offers lenders credit data that they, in turn, can use to proactively monitor and manage the ever-changing risks and opportunities associated with their business customers, Credit Plus says in a release.
The suite includes Business Credit Industry Reports from Equifax. These reports provide in-depth, customizable credit information so lenders can conduct a thorough financial analysis of a business.
The suite also includes the Business Risk Score from Equifax, which provides business credit and failure scores that are built on pre-recession, recession and post-recession data.
It also includes the Business Activity Monitor from Equifax, a product that enables lenders to continuously monitor business data using up to 23 monitoring criteria to ensure they have the very latest available information reported on a company.
Finally, the suite includes additional business verification services through Credit Plus, such as flood reports, 4506-T tax verifications, automated valuation models, appraisals and more.
“The dynamic nature of businesses is such that companies are continuously expanding and contracting due to financial gains and losses, mergers and acquisitions and capital investments,” says Greg Holmes, managing partner at Credit Plus, in a release. “As a trusted provider of third-party verification services, Credit Plus is excited to be offering lenders reliable business credit data that they can use to make responsible commercial lending decisions.”