Helps Ensure Safe Harbor Compliance With MLA
The MLA Final Rule grants “safe harbor” to lenders if MLA covered borrower status is obtained before origination or closing.
Saves Time
Provides an efficient option for performing required status checks prior to a loan origination or closing.
Optimizes Resources
MLA status checks can be obtained in the same request as an applicant’s consumer credit report, or as a standalone request without a consumer credit report instead of performing checks internally.