national credit file underwriter how to read - oracle credit file underwriter how to read april 2013...

National Credit File UnderwriterHow to ReadApril 2013

INS0053

NCF Underwriter How to Read 04/2013INS0053

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Copyright © 2013 LexisNexis. All rights reserved.

Copyright © 2013 LexisNexis. All rights reserved. 2


Table of Contents

Introduction .................................................................................................................................................. 4Sample .......................................................................................................................................................... 5Report HeaderSection ................................................................................................................................... 16Report Summary Section .............................................................................................................................. 17Personal Information Section ....................................................................................................................... 18Messages Section ......................................................................................................................................... 19Public Records Section ................................................................................................................................. 20Bankruptcies Section .................................................................................................................................... 21Judgments Section ........................................................................................................................................ 22Trade Account Activity Section ................................................................................................................... 23Employment History Section ....................................................................................................................... 25Inquiry History Section ................................................................................................................................ 26Appendix A: Trade Account Activity .......................................................................................................... 27Appendix B: Industry Codes ........................................................................................................................ 28



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.



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.



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.



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.



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.



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.



Bankruptcies Section

The Bankruptcies Section contains information on the presence or absence of data related to any bankruptcies.



Judgments Section

The Judgments section contains information on the presence or absence of data related to judgments found for the account.



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.



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 reportingspecific 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.



Employment History Section

The Employment History section shows the subject’s current and historical employment information.



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.



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 (but otherwise undesignated)

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.

Co-maker COMAKER The subject has co-signed for an installment loan, and will be responsible for payment if the borrower should default.

Maker MAKER The subject is responsible for payment of an installment loan, but a co-maker 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.



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 HT Television & Radio

AS Service Stations HZ Miscellaneous

AT TBA Stores; Tire Dealers F FINANCE

AU Automobile Dealers Used FA Auto Financing I INSURANCE

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

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 KS Sub-Contractors

CZ Miscellaneous 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



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 UE Electric Light & Power

MZ Miscellaneous 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



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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