Credit information provider Informative Research, based in Garden Grove, Calif., has developed OriginatorDirect – a new Web-based mortgage information application that is intended to give credit reporting agencies and wholesale lenders an alternative to costly technology connections and out-of-the-box software packages.
The company says the application, scheduled to be released in January 2008, will allow lenders to connect to a larger broker audience through a network of credit reporting agency (CRA) users.
OriginatorDirect will give subscribing CRAs their own private-label credit portals, affording them direct access to the Informative Research Web-based credit system, as well as tradeline verifications, flood determinations, mortgage fraud insurance, automated property valuation and other mortgage-related services. The CRAs can then provide their broker customers direct access to these products and services.