Why do we need to send LandSafe Credit a complete 1003 along with the RMCR request?
In order for LandSafe Credit to issue a complete and accurate RMCR, various pieces of information listed on the 1003 are required. For example, one way LandSafe ensures that the credit report lists all of the consumer’s liabilities is by checking against the liabilities section of the 1003. In addition, LandSafe Credit is required by FHLMC to attempt to verify 2 years’ employment. This information on the 1003 helps ensure compliance with this FHLMC guideline.
