What is Kroll Factual Data on credit report?

Kroll Factual Data (KFD) provides independent data verification and risk management services for lenders, banking entities, leasing agents, and landlords. KFD’s services offered include identity and income verification, credit and criminal history checks, ability to pay, and collateral fraud analysis.

What does factual data mean on my credit report?

Factual Data is a company that offers consumer credit and verification services to the mortgage lending industry. If you see Factual Data on your credit reports, it’s likely because the company performed a credit check on behalf of a mortgage lender.

Who uses factual data credit inquiry?

Consumer Assistance. Factual Data provides credit information from Consumer Reporting Agencies (CRAs) to its clients, which are primarily banks, mortgage companies and other lending institutions that have a permissible purpose under the Fair Credit Reporting Act (FCRA) to obtain credit information for lending purposes.

Who is factual data mortgage?

Factual Data® is a leading provider of merged credit reports, flood zone determinations, and data verification services to the mortgage lending industry.

Is Kroll Factual Data A consumer reporting agency?

Factual Data Credit Inquiry Factual Data Corp, or FDC, is a credit reporting agency employed by lenders to obtain potential borrowers’ credit reports from Experian, Equifax, and TransUnion. They may show up on your credit history as Kroll Factual Data, Inc or Kroll Factual Data.

Is factual data accurate?

Factual Data is a leading provider of independent verification services to mortgage lenders, banks, credit unions, property management firms, and other businesses. Combining innovative services with cutting-edge technology and industry-leading customer service, Factual Data enables prompt, accurate decisions.

Is Factual Data accurate?

How long does Factual Data stay on credit report?

Lenders use your history with credit to determine how reliable of a borrower you are. As such, they may obtain one or all of your credit reports in the screening process or a merged Factual Data credit report. This type of inquiry is added to your report, where it will stay for two years.

How can I remove hard inquiries?

A legitimate hard inquiry usually can’t be removed. But it disappears from your credit report after two years, and typically only impacts your score for about one year. If you find an unauthorized hard inquiry on your report you can file a dispute and request that it be removed.

How long does factual data stay on credit report?

Is factual data hard inquiry?

Factual Data provides credit check services for lenders. Factual Data is probably on your credit report as a hard inquiry. This usually happens when you apply for financing.

Is Kroll the same as factual data?

Kroll will acquire Factual Data by merging a wholly-owned subsidiary of Kroll into Factual Data. As a result of the merger, Factual Data will become a wholly-owned subsidiary of Kroll.

Why do we need a company like Kroll?

Why Kroll? Focused expertise for SPAC transactions. We provide state agencies with data-driven compliance and recovery solutions. Successfully navigate the LIBOR transition with the leadership and experience of Duff & Phelps to synchronize effort across your entire organization.

What kind of support do I need from Kroll?

Comprehensive diligence support primarily in the areas of tax, compliance and regulatory, operations, financial and accounting, investigations and disputes and cyber/IT risk. Data insights and forensic technology to address complex compliance, regulatory and legal matters.

What kind of company is Kroll Duff and Phelps?

Kroll is the world’s premier provider of services and digital products related to governance, risk and transparency.

What kind of risk management does Kroll do?

Global, end-to-end cyber risk solutions. Valuation and consulting for financial reporting, federal, state and local tax, investment and risk management purposes. Providing clients with global investigative expertise to help make critical decisions and mitigate risk.