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First American Credco, a subsidiary of the First American Corporation, has created a new service to update consumer credit files and correct credit record mistakes quickly at the bureau level, the company said.
First American said the RapidReCheck service benefits consumers and lenders. The service provides lenders with the ability to re-score a credit file quickly, allowing for the approval of more loans at better rates.
First American Credco works with the borrower and lender to verify incorrect items at the source and then get the creditor to transmit verified items and backup documentation to the credit bureaus, Equifax, Experian and Transunion.
...Source: HighBeam Research, First American Launches New Credit Report Correction Service.(First...