Does Arch MI accept borrowers who have “frozen” their credit?

Does Arch MI accept borrowers who have “frozen” their credit?
May 17, 2018 Donna Malecki

Does Arch MI accept borrowers who have “frozen” their credit?

Yes, Arch MI follows agency guidelines in regards to underwriting borrowers with frozen credit.  If the borrower’s credit information is frozen at one of the credit repositories, the credit report is still acceptable as long as credit data is available from two repositories, a credit score is obtained from at least one of those two repositories and the lender requested a three in-file merged report.  If there is no credit score available from the other two credit repositories, the borrower can be underwritten under our Non-Traditional Credit guidelines.

Last Updated On May 17, 2018