Accelerated Refresh™
![]()
A Better Credit Supplement Report with Real-Time Tradeline Updates (Direct-From-Bureau Tradeline Updates)
To help mortgage lenders get to closing faster, Accelerated Refresh™ is a supplemental report tool that provides an up-to-date view of specific account(s) on the consumer's credit file reported to Equifax, in real time. Lenders can quickly resolve debt-to-income (DTI) conflicts arising from credit mistakes and recently paid off loans by confirming in real time that select tradelines have been corrected or paid down as required by lending and investor requirements—without pulling a full credit report.
The standard process for obtaining a supplement report with updated tradeline information can take up to 48 hours and may require:
- Conference calls (depending on creditor requirements) that involve additional time to coordinate the calls and significant hold times.
- Manual work on behalf of lenders and borrowers to locate and gather documentation.
Accelerated Refresh automatically generates a supplemental report on the spot, in real time, providing an accelerated path to credit verification and loan closing.
Lenders can save time and resources, close loans faster, and provide a better borrower experience.
Standards and guidelines vary, but most lenders need to see a DTI below 36%.
Wait time for the standard process to obtain a supplement report with updated tradeline information is 24-48 hrs.
Get to Closing Faster with a Automated Credit Supplement Report
Validate that a borrower has paid down a specific tradeline/account, recalculate the borrower’s DTI, and qualify the borrower in real time without requesting manual documentation.
Corrected Credit Mistakes
Quickly confirm that a borrower has a resolved an erroneously reported delinquency or other credit reporting error without taking additional steps that add time and cost to closing.
An Automated Supplement Report That's Easy, Fast, and Reliable
In scenarios where the credit score is acceptable, but a tradeline needs to be updated, Accelerated Refresh™ can help.
If a tradeline was reported by Equifax as one of the bureaus, and the date reported is greater than 30 days, simply request an Accelerated Refresh supplement report, choose the tradelines to be refreshed and the latest information for that tradeline will be returned in real-time.
- Soft inquiry on the credit file
- Used to request the most current tradeline information on the consumer credit file directly from Equifax
- Trade must have been reported to Equifax
- Date reported must be at least 30 days from current date (trades are usually updated once monthy)
- Provides a view into what the trade was on the original credit report as well as the current view
Simple and Fast
Get specific tradeline updates in real time, not days.
Acelerated Refresh |
|
|---|---|
When to Use |
Latest tradeline information is needed due to DTI (no score impacts) |
Update Public Records |
NA |
Soft vs Hard Pull |
Soft Pulls |
Bureaus you can update |
Only Equifax Reported Tradelines |
Delivery Time |
Real-Time |
Key Customer Benefit |
|
Close Faster with Real-Time Residential Mortgage Credit Report Updates
Frequently Asked Questions
Related Resources
Related Products
Unlock the Power of Our Flagship Tri-merge Credit Report
Drive faster, easier mortgage underwriting with comprehensive views of borrower credit.