What does Kroll Factual Data do?

What does Kroll Factual Data do?

Factual Data is credit reporting agency that provides merged credit reports for the mortgage lending industry. They also provide third party verifications.

Why is factual data showing on my credit report?

Why does Factual Data show up as an inquiry on my credit report? When a Factual Data client requests a copy of your credit report through our system, the inquiry may display as Factual Data. Factual Data does not calculate your credit score and does not know specific reasons why your score is a certain number.

Who is factual data mortgage?

Factual Data® is a leading provider of merged credit reports, flood zone determinations, and data verification services to the mortgage lending industry. Learn More. Credit Services. Pre-Qualification Soft Inquiry Report – Pre-qualify applicants with a 1, 2, or 3-bureau soft inquiry credit report Download Overview >>

What is a factual credit dispute?

Factual Disputes. Any information that is inaccurate in your credit report is not a factually based entry. But often times the creditor verifies the information as accurate which may lead to the credit bureaus rejecting further disputes for up to 12 months because the disputes are labeled “frivolous”.

Is factual data hard inquiry?

Factual Data provides credit check services for lenders. Factual Data is probably on your credit report as a hard inquiry. This usually happens when you apply for financing. If a Factual Data hard inquiry is on your credit report, it’s damaging your credit score (until it gets removed).

Is factual data a consumer reporting agency?

Factual Data Credit Inquiry Factual Data Corp, or FDC, is a credit reporting agency employed by lenders to obtain potential borrowers’ credit reports from Experian, Equifax, and TransUnion.

How long does factual data stay on credit report?

Getting Factual Data Removed from Your Report While it might lower your score by a few points now, the entry will be off your report in 2 years, and its effects on your score will diminish as time goes by. If you didn’t apply for a loan and FDC is on your report anyway, you still don’t need to stress.

What is meaning of factual data?

Something that is factual is concerned with facts or contains facts, rather than giving theories or personal interpretations.

What is an example of factual?

The definition of factual is true or concerned with actual details or information rather than ideas or feelings about it. A claim that it was 20 degrees yesterday is an example of something that is factual as long as it is true. Statistics on weather over the past five years is an example of factual information.

What makes a claim factual?

Factual claims are any statements that refer to measurable effects that can be proved right or wrong. The more categorical the statement, the better the proof of its correctness that is required. Claims must be based on unbiased and reliable reviews, research reports, statistics, tests or measurements, etc.

What’s the difference factual claim?

Explanation: A claim can weigh evidence and reach a conclusion based upon that evidence. Explanation: The interpretation that the physical evidence links to the defendant is a claim. The fact supports the claim. A claim can express a point of view.

What services does Kroll Factual data provide?

Kroll Factual Data (KFD) provides independent data verification and risk management services for lenders, banking entities, leasing agents, and landlords. KFD’s services offered include identity and income verification, credit and criminal history checks, ability to pay, and collateral fraud analysis.

What is a factual credit report?

A “full factual report” is commonly a credit report which combines the reports of all three major credit agencies and helps clears up any discrepancies, basically a 3-in-1 report.

What is factual data mortgage?

About Factual Data. Factual Data is a trusted provider of credit, risk mitigation, flood and verification services to the mortgage industry. Leveraging innovative technology and deep industry experience, Factual Data simplifies the mortgage lending process for its customers and their borrowers.

What is factual data inquiry?

“Factual Data is a leading provider of independent verification services to mortgage lenders, banks, credit unions, property management firms, and other businesses. Combining innovative services with cutting-edge technology and industry-leading customer service, Factual Data enables prompt, accurate decisions.”.