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
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 effort. Through the collective power of their leadership, staff, partners, volunteers, and donors, they can reach more communities, serve more people, and address food insecurity in a more direct and effective way. Together, they connect communities with food, resources, and hope. Thank you to Jessica, Annette, Maty, Heather Marie, Kayla
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 Systems and Accurate Financial Services. This upgrade comes along with a new delivery business model based on a direct relationship CreditXpert has with lenders who use the service. What does this mean? Users will no longer purchase this service from Credit Information Systems/Accurate Financial Services, and your billing will be
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 that mean for our clients? Now that Credit Information Systems is Powered by Halcyon, the only authorized income verification solution with a GSE-accepted 8821 tool, our clients can get the tax data they need, the way they need it! Plus, Halcyon is now an official authorized tax transcript report supplier
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 current on changes impacting your business, we wanted to share an announcement published today, July 11, 2024, from the Federal Housing Finance Agency (FHFA). Fannie Mae and Freddie Mac (the Enterprises) are making historical VantageScore® 4.0 credit scores available to approved users to support the transition to updated credit score and credit report requirements.