Good reads, good deeds and good people
You know those public service announcements that end with the familiar phrase, “The more you know . . .”? That’s how we look at our “News & Events” section. This is where you will find all sorts of useful information – from industry news to thought leadership in the form of blogs and videos, to company announcements highlighting innovative services, new members of our CIS family and more exciting news and events. All of which leave you, we hope, saying, “How about that – the more you know…”
TRIGGER LEADS LEGISLATION UPDATE
A significant step forward in consumer privacy protection within the mortgage industry was taken on September 5, 2025, with President Trump signing into law H.R. 2808—the bipartisan Homebuyers' Privacy Protection Act.
This act would limit the ability of credit bureaus (e.g., Equifax, Experian, and TransUnion) to sell trigger leads to mortgage brokers and lenders when a consumer has applied for a mortgage. This legislation would amend the Fair Credit Reporting Act (FCRA) to include specific restrictions on Trigger Leads as follows:
Consumer reporting agencies—Equifax, Experian, and TransUnion—are prohibited from furnishing a consumer’s credit report to a third party in connection with a residential mortgage transaction unless:
Has the consumer’s explicit authorization (documented consent); or
Is the originator or servicer of the consumer’s current mortgage loan; or
Is an insured depository institution or credit union that holds a current account with the consumer.
The law is set to take effect on March 5, 2026, and is expected to foster a more respectful and streamlined homebuying experience.
At the federal level, the Homebuyers Privacy Protection Act is supported by a broad coalition of consumer advocacy groups and financial trades, including the Mortgage Bankers Association, the Independent Community Bankers of America, the American Bankers Association, the National Association of Mortgage Brokers, the Broker Action Coalition, Community Home Lenders of America, and others.
Volunteering in the Community: Helping Those in Need
The Team at Credit Information Systems is the heart of our organization and beyond. This February, several dedicated Team Members shared their time at Food Bank For The Heartland, assembling food packages for those in need. Food Bank For The Heartland sees the fight against hunger as an ongoing, collaborative
New Changes to CreditXpert
As of 1/01/2025, CreditXpert introduced a NEW platform, offering updated technology alongside a new look and feel – combining the best features of Wayfinder and What-If Simulator into a single platform, along with additional value-added tools. Due to this significant change, CreditXpert is no longer sold directly through Credit Information
Low-Cost IRS Tax Transcripts Income Verifications from Credit Information Systems
Credit Information Systems has a new business relationship with Halcyon allowing our clients to order TAX TRANSCRIPTS and IRS WAGE & INCOME VERIFICATIONS more efficiently and with fewer IRS turndowns than the current 4506C process. This will help you close loans faster for a fraction of the cost. What does
FHFA Announces Release of Historical VantageScore® Credit Score by the Enterprises
As your business partner, Credit Information Systems knows how credit reporting and lending risk mitigation solutions help YOU efficiently manage your business. And we are here to support YOU with personalized experiences, expert advice, industry updates and innovative solutions that go above & beyond your expectations. To help YOU remain
Announcing Our New Partnership with Credit Data Systems
The Team at Credit Information Systems is pleased to announce a new partnership with David Stephenson of CDS, Credit Data Systems. As the 3rd generation owner of CDS, serving the Southeastern United States financial industry since 1926, David will continue to meet the needs of his loyal customers while offering