Address, Birth Date and SSN Variance

Overview

When processing credit reports, the Loan Origination module and Luxor allow for a variance in the subject's Address, Birth Date and SSN. If the SSN, Address or Birth Date in the inquiry does not match the SSN, Address or Birth Date in the credit report, notifications are generated within the credit report. These notifications are displayed in the ALERT INFORMATION section of the credit report.

It is advised that institutions review credit reports to identify when inquiry data does not match credit report data. However, situations may arise when credit reports are not viewed or the Alert may be missed by the user. To ensure that users are alerted when credit report data does not match the inquiry, institutions can author rules to create screen validations and To-dos that warn users of the mismatching information.

Rule Logic

To write the required rule, navigate to Rules Management. Create a new rule using either the Trade Processing or Validation categories.

A rule authored with the Trade Processing category processes while the credit report is processing. This allows users to receive an immediate notification if inquiry data does not match credit report data.

A rule authored with the Validation category processes when the screen/application is saved. This allows users to continue processing the application and only be notified inquiry data does not match credit report data when a save point is reached.

Regardless of the rule category chosen, select Business Language and the Applicant.CreditReport entity. Click OK. The New Rule window opens.

Use the following example rules below to assist creating Address, Birth Date and SSN Variance rules:

Show Address

Within the If Statement,

Select CreditReport.
Click the ellipses (...) following CreditReport. From the list of CreditReportInfo Fields, select AddressVariance.
Click the ellipses (...) following AddressVariance. From the list of Compare Functions, select has a value of.
Click [list value] and enter select a value from the following list:
1. Clear/No variations present
2. Equifax and Experian Variations
3. Equifax and TransUnion Variations
4. Equifax variations present
5. Experian and TransUnion Variations
6. Experian variations present
7. TransUnion Variations
8. Variations in All Three Bureaus

Within the Then Statement:

Click [add action] and select Display Warning Message from the list of Actions.
Click [enter message text] and enter the desired warning message (The Credit Report Address does not match the inquiry)

If authoring a Validation rule, a To-do may be included in the rule by adding another Action.

Save the rule and the Rules Management.

Show Birth Date

Within the If Statement:

From the list of Applicant Fields, select CreditReport.

Click the ellipses (...) following CreditReport. From the list of CreditReportInfo Fields, select BirthDate.
Click the ellipses (...) following BirthDate. From the list of Compare Functions, select is not equal to.
Click [value] and select BirthDate from the list of Applicant Fields.

Within the Then Statement:

Click [add action] and select Display Warning Message from the list of Actions.
Click [enter message text] and enter the desired warning message (The Credit Report Birth Date does not match the inquiry)

If authoring a Validation rule, a To-do may be included in the rule by adding another Action.

Save the rule and the Rules Management.

Show SSN

Within the If Statement,

Select CreditReport.
Click the ellipses (...) following CreditReport. From the list of CreditReportInfo Fields, select SSNVariance.
Click the ellipses (...) following SSNVariance . From the list of Compare Functions, select has a value of.
Click [list value] and enter select a value from the following list:
1. Clear/No variations present
2. Equifax and Experian Variations
3. Equifax and TransUnion Variations
4. Equifax variations present
5. Experian and TransUnion Variations
6. Experian variations present
7. TransUnion Variations
8. Variations in All Three Bureaus

Within the Then Statement:

Click [add action] and select Display Warning Message from the list of Actions.
Click [enter message text] and enter the desired warning message (The Credit Report SSN does not match the inquiry)

If authoring a Validation rule, a To-do may be included in the rule by adding another Action.

Save the rule and the Rules Management application.

Additional Configuration

If Validation rules were authored, the system administrator must assign the each validation rule to the Credit Reporting screen. These rules can be assigned within the Rules tab of the screen configuration window in System Management > Origination > Screens.