National Credit File Underwriter How to Read April 2013 INS0053

Transcription

National Credit File Underwriter
How to Read
April 2013
INS0053
NCF Underwriter How to Read
INS0053
04/2013
The recipient of this material (hereinafter "the Material") acknowledges that it contains confidential and proprietary data the
disclosure to, or use of which by, third parties will be damaging to LexisNexis Inc. and its subsidiary companies (hereinafter
"LexisNexis"). Therefore, recipient agrees to hold the Material in strictest confidence, not to make use of it other than for the
purpose for which it is being provided, to release it only to employees requiring such information, and not to release or disclose
it to any other party. Upon request, recipient will return the Material together with all copies and modifications, if any.
All names in the text, or on the sample reports and screens shown in this document, are of fictitious persons and entities. Any
similarity to the name of any real person, address, school, business or other entity is purely coincidental.
The trademarks, logos and service marks (collectively the "Marks" or "Mark") appearing in this document are registered and
unregistered Marks of LexisNexis Risk Solutions and others. The information contained herein does not constitute a grant of
any license or right to use any Mark displayed on this document. LexisNexis aggressively enforces its intellectual property
rights.
Copyright © 2013 LexisNexis. All rights reserved.
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Table of Contents
Introduction ..................................................................................................................................................
Sample ..........................................................................................................................................................
Report HeaderSection ...................................................................................................................................
Report Summary Section ..............................................................................................................................
Personal Information Section .......................................................................................................................
Messages Section .........................................................................................................................................
Public Records Section .................................................................................................................................
Bankruptcies Section ....................................................................................................................................
Judgments Section ........................................................................................................................................
Trade Account Activity Section ...................................................................................................................
Employment History Section .......................................................................................................................
Inquiry History Section ................................................................................................................................
Appendix A: Trade Account Activity ..........................................................................................................
Appendix B: Industry Codes ........................................................................................................................
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Introduction
LexisNexis National Credit File reports provide objective consumer information about the financial history of an individual. Using
this information, you can predict risk stemming from financial problems, which can lead to failure to maintain property or cause
distractions that may lead to the submission of fictitious claims or inflated legitimate claim amounts.
Optional enhancements to the NCF report include:
• Property Score - LexisNexis Attract Score, customer scores, and other insurance scores
• Auto Score - Attract Score, customer scores, and other insurance scores
• LexisNexis Current Carrier® (The How to Read: Current Carrier Report will guide you through this portion of your report.)
Whether you receive any or all of these enhancements is determined by the way your account is set up. Therefore, reports for each
account number you use may be different from those ordered for other accounts.
In addition, not all sections will appear on every report. If a subject has no Public Records/Legal Items on record, for example, that
section will not appear in the report.
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Sample
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Report HeaderSection
This section identifies the report sent to you, including the report date and time. It shows the name of the company/individual
requesting the report, and the account number billed for this report.
[1]
Node/Location: This is the identification that matches your account to this order.
[2]
Case ID: This is the unique identifier for this order created by you.
[3]
Inquiry Options: This section shows which options were selected with the order submitted.
Order Type: Specifies whether the order is for an individual or a joint order.
State Override: Specifies whether the order overrides any state specific information linked to the address state
specified on the order.
Dup Check: Specifies whether the order overrides the account information and will check for duplicate orders
before the search.
Vendor Override: Specifies whether the order should override any vendor options.
[4]
Sponsor: This identifies the sponsor of the account.
[5]
Special Billing ID: This identifies the billing information for this order. This field only appears if your account is setup
for it.
[6]
Account: THis identifies the account number for the order.
[7]
NCF Ref. #: This is the 14-digit number used to identify this report within the NCF system. Use this number when calling
for support and when notifying consumers.
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Report Summary Section
The Report Summary presents the critical information in this report, including the presence or absence of bankruptcies, public
record information (such as judgments, foreclosures), and collection items. This information comes from the consumer's credit
report returned by the credit vendor.
[8]
Public Records: This contains a summary of any public record information found.
[9]
Collections: This contains a summary of the collections information found.
[10]
Tradeline: This contains a summary of the tradeline activities found.
[11]
Account Ratings: This contains a summary of the account ratings associated with the subject.
[12]
Account Characteristics: This contains a summary of the key account characteristics found.
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Personal Information Section
This section lists the personal information associated (and spouse's name, on a joint order), SSN, DOB, and address(es) submitted
on the order and returned on the credit file by the credit vendor.
[13]
Inquiry/Search Data: This section contains the information initially submitted with the request.
[14]
Reported Data: This section contains the information returned.
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Messages Section
If the account number you used to order this report is set up to receive one of the enhancements (such as a Property or Auto score),
results for that enhancement appear in the messages section. Also, this section may contain error messages, for example to indicate
that the system was unavailable at the time of your request. In such cases, you will not receive NCF results.
If an error message begins with “APP ERROR:” or “COMM ERROR:”, it indicates that a communications problem occurred
before your order could be processed by the NCF application. You should try sending your order again at a later time. If you
receive any other error messages, please contact Customer Support.
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Public Records Section
This section displays reported information about civil litigation and court record items (e.g., foreclosures, divorces, garnishments,
and tax liens). The information provided varies according to what type of record is being reported.
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Bankruptcies Section
The Bankruptcies Section contains information on the presence or absence of data related to any
bankruptcies.
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Judgments Section
The Judgments section contains information on the presence or absence of data related to judgments found for the account.
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Trade Account Activity Section
From information on this section, you can determine the current payment status and the payment history for
the consumer's trade accounts. This section will give you an idea of whether the consumer is currently paying
his bills on time and if the consumer has a history of late payments. The accounts are sorted by account type
(R/Revolving, O/Open, and I/Installment) and date reported within account type.
[15]
Current Status: Type of account, the current status (0-9), and an abbreviated definition of the status.
[16]
Report Date: Month and year the current payment information was reported to the credit bureau.
[17]
Account Type: Definition of those responsible for the account.
[18]
High Credit: Highest balance ever held on this account or the credit limit.
[19]
Firm Name: Name of creditor reporting this information.
[20]
Now Owes: Balance or amount currently outstanding on this account (in dollars).
[21]
Firm Number: Member number of creditor reporting this information.
[22]
Past Due: Amount currently past due on this account (in dollars).
[23]
Times Late: Number of times the consumer has paid the account 30, 60, or 90 days late within the past seven years.
[24]
Months Reviewed: Number of times (up to 99 months), that history has been accumulated for this account.
[25]
Terms or PymtAmt: Either time in months or years required to pay the amount borrowed or amount required as a
monthly payment on the total amount owed (in dollars).
[26]
Date Opened: Month and year this account was opened.
[27]
Previous Delinquencies: Dates of last two delinquencies and most severe delinquency in the past seven years. This line
only appears if applicable.
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NOTE: A maximum of three occurrences of historical delinquencies can be displayed in the Prev Delnq column.
[28]
Last Activity: Month and year of the last activity on this account.
[29]
Statement: Narrative statement/explanation that may be displayed with each trade account item on the credit report. It is
either supplied by the reporter of the credit information or is submitted by the consumer.
NOTE: There are some accounts for which circumstances preclude reporting
specific account information. These circumstances may include:
• Account Included In Bankruptcy
• Lost Or Stolen Card
• Consumer Deceased
• Escrow Account Only
Occasionally, the Trade Account Activity section may also include nonmember trade (a credit grantor that does not have a
credit reporting member agreement with the credit bureau) and checking/savings account information.
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Employment History Section
The Employment History section shows the subject’s current and historical employment information.
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Inquiry History Section
This section lists the inquiries, or the times the consumer report has been accessed, in the past two years. It shows the date the
report was requested, the credit bureau member number, and the name of the company making the request.
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Appendix A: Trade Account Activity
The following policy type codes are returned in the Report Summary Claims Match Summary section and the
Claims Detail section. The description is not returned in the result.
Account Type
Code
Meaning
Individual Account
INDIV
The subject of the report, and no one else, is responsible for payment on
this account.
Joint Account
JOINT
The subject and another person (or persons) are jointly responsible for
payment on this account.
Authorized User
AUT USR
This is a shared account, but one person (not the subject) has responsibility
for payment, while the subject of the report does not.
Undesignated
UNDESGN
This code is an indication that the credit grantor does not have enough
information to give the account a more specific designator code.
SHARED
This code is an indication that the credit grantor knows that the subject and
at least one other person share the account, but not enough information is
available to designate the account as either JOINT or AUT USER.
COMAKER
The subject has co-signed for an installment loan, and will be responsible
for payment if the borrower should default.
MAKER
The subject is responsible for payment of an installment loan, but a comaker is involved as assurance that the loan will be repaid.
On Behalf of Another
Person
ON BHLF
The subject has financial responsibility for an account which is used
exclusively by another person, as when a parent opens a charge account for
a child's use at college.
Terminated
TERMIN
The subject's relationship to this account has ended, although other parties
who once shared the account with the subject may continue to maintain the
account. This code is used often after a divorce, when one party continues
to maintain an account, while the other party is disassociated from it.
Shared (but otherwise
undesignated)
Co-maker
Maker
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Appendix B: Industry Codes
The cause of loss codes are reported in the claims detail section. The cause of loss code can be from two to
five bytes. The description is not returned in the result.
AUTOMOTIVE
E EDUCATION
H HOME FURNISHINGS
AB Auto Rental
EB Business Education
HA Appliance Sales/Service
AC Auto Leasing
EC Colleges
HC Carpets & FLoor Coverings
AF Farm Implement Dealers
EL Student Loans
HD Interior Decorators/Design
AL Truck Dealers
ET Technical Education
HF Furniture, Etc.
AN Automobile Dealers New
EU Universities
HM Music & Records
AP Automotive Parts
EV Vocational and Trade Schools
HR Furniture Rentals
AR Automotive Repair, Body Shops
EZ Other/misc. Education
AS Service Stations
HT Television & Radio
HZ Miscellaneous
AT TBA Stores; Tire Dealers
F FINANCE
AU Automobile Dealers Used
FA Auto Financing
AZ Miscellaneous
FB Mortgage Bankers
IG General Insurance
FC Credit Unions
IL Life Insurance
B BANKS
FD Bail Bonds
IZ Miscellaneous
BB Banks
FF Sales Financing
BC Bankcard
FI Investment Firms
J JEWELRY & CAMERAS
BI Bank Installment Loans
FL Savings & Loan - Mortgage
JA Jewelers
BM Bank Mortgage Dept
FM Mortgage Companies
JC Cameras
BN Industrial Banks
FP Personal Loan Companies
JP Computer Sales and Services
BO Co-op Banks
FR Mortgage Reports
JV Video Tape Rental and Sales
BS Savings Banks
FS Savings & Loan Association
JZ Miscellaneous
BZ Other/Misc. Banks
FT Investment Securities
I INSURANCE
FU Bulk Purchase Finance
K CONTRACTORS
C CLOTHING
FY Factoring Data
KG General
CG General Clothing Stores
FZ Miscellaneous
KI Home Improvement
CS Specialty - Shoe, Hat, Etc
CZ Miscellaneous
KS Sub-Contractors
G GROCERIES
KZ Miscellaneous
GD Dairies
D DEPT & VARIETY
GN Neighborhood Grocery
DC Complete Dept Stores
GS Supermarkets
DM Mail Order
GZ Miscellaneous
DV Variety Stores
DZ Miscellaneous
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LUMBER, BLDG MATERIALS &
HARDWARE
P PERSONAL SERVICES
S SPORTING GOODS
LA Air Condition, Publing, Electrical Sales/
Service
PA Accountants, etc.
SA Aircraft Sales & Service
LF Fixture & Cabinet Companies
PB Barbers, Beauty Shops
SB Boat & Marinas, Sales/Service
LH Hardware Stores
PC Equipment Leasing
SG Sporting Goods Stores
LP Paint, Glass & Paper
PD Dry Cleaning, Laundry
SM Motorcycles & Bicycles, Sales & Service
LY Lumber Yards
PE Engineering, All Kinds
SZ Miscellaneous
LZ Miscellaneous
PF Florists
PG Photographers
T FARM & GARDEN SUPPLIES
M Medical & HEALTH
PH Health and Fitness Clubs
TC Chemical & Fertilizer Stores
MA Animal Hospitals
PI Legal & Related Services
TF Feed & Seed Stores
MB Dentists
PL Legal & Related Services
TN Nursery & Landscaping
MC Chiropractor
PM Check Cashing Service
TZ Miscellaneous
MD Doctors & Clinics
PN Restaurants/Concessions
MF Funeral Homes, Cemeteries
PP Pest Control
U UTILITIES
MO Osteopaths
PR Country Clubs
UA Water Utilities/Bottled Water
MP Pharmacies & Drugs
PS Employment Screening
UC Coal & Wood Dealers
MS Optometrists, Etc
PZ Miscellaneous
UD Garbage & Rubbish Disposals
MV Veterinarians
MZ Miscellaneous
UE Electric Light & Power
Q MAIL ORDER HOUSES
UF Fuel Oil Dealers
QZ Miscellaneous Mail Order Houses
UG Gas - National & Bottled
N NATIONAL CREDIT CARDS/AIRLINES
UH Coal/Wood Suppliers
NA Airlines
R REAL ESTATE, HOTELS, ETC
UL Long Distance Telephone Service Providers
ND Credit Card - Dept. Store
RA Apartments
UO Online/Internet Access Providers
NF Credit Card - Finance Company
RC Office Leasing
UP Paging Companies
NS Credit Card - Savings and Loan
RD Mobile Home Dealers
UR Waste Recycling/Hazardous Waste Handlers
NU Credit Card - Credit Union
RE Real Estate, Sales/Rent
US Satellite TV/Direct Broadcast Satellite
Providers
NZ Miscellaneous Credit Cards
RH Hotels
UT Telephone Companies
RM Motels
UV Telephone Vendors
O OIL & NAT’L CREDIT CARDS
RP Mobile Home Parks
UW Water Companies
OC Oil Companies
RR Property & Prop Mgmt Co.
UZ Miscellaneous
ON Nat’l Credit Card Companies
RZ Miscellaneous
OZ Miscellaneous
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V GOVERNMENT
Y COLLECTION SERVICES
VC City & County
YA Collection Department - ACB Credit Bureau
VF Federal
YB Collection Department - Bank
VK Child Support
YC Other Collection Agencies
VL Law Enforcement
YD Collection Department - Department Store
VS State
YF Collection Department - Loan Company
VX Court Codes
YL Collections Attorney
VZ Miscellaneous
YZ Misc. Collections
W WHOLESALE
Z MISCELLANEOUS, NOT ELSEWHERE
CLASSIFIED
WA Automotive Supplies
ZA Auto Reseller
WB Bldg. Supplies & Hardware
ZB Credit Report Brokers/Miscellaneous Reptg.
Agencies
WC Clothing & Dry Goods
ZC Credit Bureaus
WD Drugs, Chemicals & Related Goods
ZD Reseller - Direct to Customer/Consumer
Products
WE Bldg. Supplies & Hardware
ZE Employment Reseller
WG Groceries & Related Products
ZF Finance Reseller
WH Home Furnishings
ZI Insurance Reseller
WM Machinery, Equipment Supplies
ZL Leasing and Rental Reseller
WZ Miscellaneous
ZP Personal Service Reseller
ZR Retail, Not Elsewhere Classified
X ADVERTISING
ZS Services, Not Elsewhere Classified
XA Agencies
ZT Tenant Screeners (Reseller)
XD Direct Mail List Services
ZW Wholesale, Not Elsewhere Classified
XL List Processing Vendors
ZY Collection Reseller
XM Media
ZZ Miscellaneous All Other - Business Machines,
Catering, Vending Machines, Schools, Aircraft,
Leasing, Railroads, Clubs, Lodges, Shopping
Centers, Travel Agencies
XZ Miscellaneous Advertising
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National Credit File Underwriter How to Read April 2013 INS0053

Transcription

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