Easily access reports and manage packaged products with our new tabbed report screen. This new screen replaces how revisions are handled with CreditCommander.com. Each revision appears as a tab and can easily be viewed, edited, e-mailed, printed, exported and more. This new feature also allows you to merge reports and print or email multiple reports without ever leaving the screen.

CreditCommander.com now supports all business report formats for Experian Business Reports. These new web-based formats include: BUSINESS PROFILE REPORT, COMMERCIAL INTELLISCORE, SMALL BUSINESS INTELLISCORE and the GENERAL BUSINESS INTELLISCORE *When accessing personal credit information on the business owner, you must conform to permissible purpose requirements as stated in the federal Fair Credit Reporting Act.

New Decision Table Rules added include:

NUMBER OF INQUIRIES IN THE LAST X MONTHS
This rule allows you to specify how many inquiries (Criteria A) are allowed within a specified number of months (Criteria B).

TOTAL REVOLVING BALANCE
The Total Revolving Balance is a total of all revolving loans outstanding.

NUMBER OF INSTALLMENT LOANS (A) WITH A MINIMUM HIGH CREDIT OF (B)
This rule allows you to specify the number of installment loans (Criteria A) that are required that have a minimum high credit (Criteria B) of value

NUMBER OF REVOLVING LOANS (A) WITH A MINIMUM HIGH CREDIT OF (B)
This rule allows you to specify the number of revolving loans (Criteria A) that are required that have a minimum high credit (Criteria B) of value.

New Declination Letter Templates have been added to the Letter Generation Module that includes actual templates provided by the government that ensure compliance with Federal Regulations.

The new templates include:

Sample Disclosure of Right to Request Specific Reasons for Credit Denial
This letter should be used if denying credit.

Sample Notice of Action Taken and Statement of Reasons (Credit Scoring)
This letter should be sent if someone was denied credit.

Disclosure of Use of Information Obtained From an Outside Source
This letter should be completed if the credit decision was based in whole or in part on information that has been obtained from an outside source. Examples: Credit Bureau, Criminal File, and Evictions Report.

Sample Notice of Action Taken, Statement of Reasons and Counteroffer
This letter can be used in compliance with the new FACT act regulations. This letter is a counteroffer to an applicant that did not meet your top tier decisioning.

Information can be exported out of CreditCommander.com into either UltraData systems or raw XML. If your systems have the capability to handle XML, you can now integrate data from CreditCommander.com directly into these systems.

If you enter information into the co-applicant fields you can now enter any of MicroBilt’s additional data sources on both the applicant and co-applicant.

CreditCommander.com now has the capability to validate your motor vehicle or criminal requests verifying date of birth, social security, and other critical information based on the state or the county they are requested for.

These states have instituted frozen credit file rulings. Consumers in the states of Vermont, Texas and Louisiana can now freeze their credit files. CreditCommander.com has added the capability to request these frozen files when the situation arises.

This complimentary session is designed to help new users master the basic skills needed to utilize CreditCommander.com to it's fullest potential. This week's session will be spotlighting the following topics:

Release 3.3a
Review of New Enhancements

Application Entry
Packages, Product Selection and Preference

Viewing Reports
MicroBilt’s Common Format, Bureau Print Images, Packages, Revisions, Batch Features, Open Buttons and Decisioning

Application List
Screen Info, Drop Down Menus, Show Options, Show Filter, and Searching

CreditCommander.com New User Training
Every Friday - 2:00PM EASTERN

To participate, send email to microbilt@microbilt.com with the subject ‘New User Training’. We will reply with connection details and a reminder message.

The FICO Expansion Score will help you serve those customers who typically have little to no credit history. Developed by Fair Isaac, the FICO Expansion score is a credit risk model based on a broad set of alternative data sources. The score includes aggregated data from both positive and negative non-traditional credit data sources.

These sources include:

• Application data
• In the case of thin files, data returned from bureau
• Payment history from rental activity, utility and phone bill payments, membership payment obligations, retail purchases, checking and debit account activity and more!

Of the 215 million credit-eligible consumers in the US, about 25% have little or no history at the three major US credit reporting agencies. Many consumers are unable to participate in mainstream consumer finance as they lack sufficient data at the credit bureaus to generate a traditional FICO risk score. One of the first to partner with Fair Isaac, MicroBilt will soon launch the FICO Expansion Score through CreditCommander.com. Users will have the option of automatically or manually requesting a FICO Expansion Score whenever a "no hit" or "thin file" is received.