As a client of CDS, you will be using our online system for pulling mortgage credit. Our system provides ultimate flexibility and control of reports, requests and accounting functions to manage costs... CLICK FOR MORE >>
CDS now offers Automated Valuation Models (AVM's), and will soon be offering tax return verifications. Please see our services section for more details... CLICK FOR MORE >>
Check out recent news updates from CDS to keep current on all our latest offerings and news items. We are doing new things every day, constantly finding new ways to serve you, the customer... CLICK FOR MORE >>
CDS is an active member of NCRA, the National Credit Reporting Association. In a recent national election by the credit reporting industries corporate members, of the National Credit Reporting Association (NCRA). Susan Cataldo has been elected President of the NCRA. Congratulations to Mrs. Cataldo.
NCRA is a national trade organization of consumer reporting agencies and associated professionals that provide products and services to hundreds of thousands of credit grantors, employers, landlords and all types of general businesses. Headquartered in Indiana, NCRA serves members in the United States and Puerto Rico.
NCRA's membership includes mortgage credit reporting agencies, employment screening services, tenant screening companies, consultants and a variety of affiliate vendors. Members must agree to comply with all federal and state applicable laws, including the Fair Credit Reporting Act. This law defines the appropriate procedures for obtaining consumer credit information and defines the responsibilities of the users and furnishers of consumer information. Members must also adhere to the guidelines established in the NCRA Code of Ethics. These guidelines enable our industry to operate only under the highest standards of integrity. NCRA's members are committed to solid ethical business practices. NCRA shares its knowledge and understanding of the industry with its members through the Annual Conference, Regional Seminars, The Credit Reporter and The Advocate publications.
CDS continues to provide our customers more and more value-added services. In 2001, CDS formed a national strategic partnership with Geotrac to offer our clients flood zone determination services.
Geotrac is one of the nation's leading providers of flood compliance services for the mortgage lending community. Geotrac's comprehensive menu of services can be customized to meet individual lenders' needs and ensure compliance with National Flood Insurance Program regulations. In addition, Geotrac provides Geotraphic Information Systems applications, including commercial flood risk analysis and crime analysis products.
Founded in 1978, Geotrac was one of the first companies to enter the flood zone determination industry. Geotrac has been providing flood compliance solutions to lenders throughout the country founded upon a reputation for accuracy and personalized service.
Currently serves over 6,000 financial institutions and insurance companies throughout he U.S.
One of the first entrants into the flood compliance industry.
Data library updated continuously.
In 1999, Geotrac received the exclusive endorsement for flood compliance services from the American Bankers Association through it subsidiary, the Corporation for American Banking. This endorsement was based on stringent due diligence, quality standards and performance criteria.
Geotrac is one of a very few companies used as a provider of flood zone determinations by Freddie Mac and Fannie Mae for flood compliance auditing.
Geotrac delivers an accuracy rate in excess of 99% with determinations that pinpoint the insurable structure rather than the property line.
Unlike other vendors that guarantee only the flood zone, Geotrac guarantees all NFIRA-required elements with a $10 million E&O policy.
Geotrac provides a borrower notification form with every flood zone determination; Geotrac promotes the NFIP's Preferred Risk Policy for B, C, and X zones and encourages the separate purchase of contents coverage.
Geotrac's electronic interfaces with leading loan origination and servicing systems permit 100% automation for loan processors. PCFS Mortgage Resources