LexisNexis Risk Solutions has found that approximately 11 percent of U.S. consumers have a tax lien or civil judgment on file. With the new restrictions on credit bureaus’ reporting of lien and judgment data, mortgage lenders are prepared to adjust in order to better evaluate applicants creditworthiness.
In fact, many are turning to the LexisNexis RiskView Liens & Judgments Report to provide data and to remove the blind spot for mortgage lenders when evaluating applications. With this information, mortgage lenders can determine the count of liens and judgments on file, the type, the dollar amount of tax liens, and more, including specific details for each lien and judgment included in the report.
If you or your client have received a file from LexisNexis Risk Solutions, Inc. (“LNRS”) and find it contains incorrect or incomplete information, THD Credit Consulting can help. In fact, we have been able to fix these reports about 90% of the time! Email or call our office to get started today.