Tag Archives: LexisNexis

In July, liens and judgments data will no longer be included in traditional credit scores. In order to fill that gap, CBCInnovis will be offering the LexisNexis RiskView Liens and Judgments Report to lenders. Being that borrowers who have a judgment or tax lien are more likely to end up in pre-foreclosure or foreclosure, CBCInnovis hopes this information will be helpful to lenders.

Factual Data announced Thursday that they will be offering the LexisNexis RiskView Liens & Judgments Report to lenders. Due to liens and judgments data being discontinued in traditional credit scores, Factual Data intends to bridge the gap. Mortgage lenders, who have relied on this data for over two decades, now have an alternative plan after the July cutoff.

After extensive research, data scientists from FICO found that info such as property records, telecommunications, and utility information can be used as reliable sources to score 15 million consumers who do not have enough credit data to generate FICO score. By using this alternative data from LexisNexis and Equifax, FICO will give card issuers a FICO score that complies with relevant regulations that they can use to extend credit responsibly to millions of additional people.