How do I merge credit and import liabilities in
LoanAce®?
1. Click Merge Credit on the tool bar, or click
Order Credit on the Borrower Summary page.
2. Select your credit vendor from
the drop-down menu (to see the complete list of included credit reporting vendors, click here). Enter the credentials provided by
the vendor. Check the Remember Password box and LoanAce®
will remember your credit vendor and credentials for the
next time you need to order credit.
3. Note that the Import
Liabilities box is automatically checked. When this
box is checked, LoanAce® will automatically import the
liabilities to page 2 of the loan application.
4. Click the Order Credit
button and your credit report will be ordered. You will
receive a confirmation when the download is complete.
5. A PDF copy of the credit report
is automatically saved in the loan folder. To view the
full report, simply click the View Credit button
on the Borrower Summary page.
6. To view the
imported liabilities, click 1003 Page 2 from the
Forms shortcut menu, and scroll down to the
Liabilities section.
7. Click the View All
button to see a complete list of all your applicant's
liabilities.
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