Consumer Credit Data definition

Consumer Credit Data means any information obtained by User, either directly or indirectly, which bears on a consumer’s creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living (the “Seven Factors”) and which is used or expected to be used or collected in whole or in part for the purpose of serving as a factor in underwriting a Mortgage Loan Application or performing a Prequalification Analysis. Such data may include, but are not limited to, data contained in: (i) residential mortgage credit reports, “in-file” credit reports, or “consumer reports,” as defined in the FCRA; (ii) the Uniform Residential Loan Application, including any attachments and/or supplements thereto; and (iii) any correspondence or communication from the consumer or any third party which includes information relating to one of the Seven Factors.

Consumer Credit Data means any information which bears on a consumer's creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living (the "Seven Factors").

Consumer Credit Data means any information obtained by Licensee, either directly or indirectly, which bears on Client's creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living (the "Seven Factors") and which is used or expected to be used or collected in whole or in part to provide an assessment of Client's financial readiness to purchase a home or to engage in post-purchase counseling activities. Such data may include, but is not limited to, data contained in: (i) residential mortgage credit reports, "in-file" credit reports, or "consumer reports," as defined in the FCRA; and (ii) any correspondence or communication from Client or any third party which includes information relating to one of the Seven Factors.

Examples of Consumer Credit Data in a sentence

• As Licensee's agent, Fannie Mae shall, and is hereby expressly authorized by Licensee to, obtain Consumer Credit Data for the sole purpose of making a workout recommendation and otherwise performing an SMDU Analysis.

• Notwithstanding the Section of the Master Terms captioned "Independent Parties,” Licensee hereby expressly acknowledges, understands and agrees that, in the processing and evaluation of Consumer Credit Data by the Licensed Application for purposes of making a workout recommendation and otherwise performing an SMDU Analysis, Fannie Mae, as owner of the Licensed Application, shall be the agent of Licensee, as that term is defined in the FCRA.

• As Licensee's agent, Fannie Mae shall, and is hereby expressly authorized by Licensee to, obtain Client's Consumer Credit Data only for the purposes of making an assessment of Client's financial readiness to purchase a home and/or to engage in post-purchase counseling activities.

• Further, while a Lender may subsequently utilize some or all of the Client’s Consumer Credit Data in connection with Client’s mortgage loan application, the Licensed Application is not intended to constitute Client's mortgage loan application.

• Notwithstanding the Section of the Master Terms entitled "Independent Parties,” Licensee agrees that, in obtaining Consumer Credit Data via the Licensed Application and in the processing and evaluation of Consumer Credit Data by the Licensed Application for purposes of making a loss mitigation workout recommendation and otherwise performing an SMDU Analysis, Fannie Mae, as owner of the Licensed Application, is the agent of Licensee, as that term is defined in the FCRA.

More Definitions of Consumer Credit Data

Consumer Credit Data means any personal data concerning an individual collected by an AI in the course of or in connection with the provision of consumer credit, or any personal data collected by or generated in the database of a CRA (including the mortgage count) in the course of or in connection with the providing of consumer credit reference service.

Consumer Credit Data means any information which bears on a consumer's creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living. Such data may include data contained in: (a) residential mortgage credit reports, "in-file" credit reports, or "consumer reports," as defined in the FCRA, and (b) any correspondence or communication from the consumer or any third party which includes information relating to any of the above factors.

Consumer Credit Data means any information obtained by Licensee, either directly or indirectly (including from Client Servicers), which bears on a consumer’s creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics or mode of living, and which is used or expected to be used or collected in whole or in part for the purpose of serving as a factor in performing a Risk Profile Analysis.

Consumer Credit Data means any information obtained by Broker, either directly or indirectly, which bears on a consumer’s creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living (the “Seven Factors”) and which is used or expected to be used or collected in whole or in part for the purpose of serving as a factor in underwriting a Mortgage Loan Application or performing a Prequalification Analysis. Such data may include, but are not limited to, data contained in: (i) residential mortgage credit reports, “in-file” credit reports, or “consumer reports,” as defined in the FCRA; (ii) the Uniform Residential Loan Application, including any attachments and/or supplements thereto; and (iii) any correspondence or communication from the consumer or any third party which includes information relating to one of the Seven Factors.

Consumer Credit Data means any information obtained by Licensee, either directly or indirectly (including from the Participating Broker), which bears on a consumer's creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living and which is used or expected to be used or collected in whole or in part for the purpose of serving as a factor in underwriting a Mortgage Loan Application or performing a Prequalification Analysis.

Consumer Credit Data means credit information in relation to an Individual provided by CDB from the Database.

Consumer Credit Data means any personal data concerning an individual collected by an AI in the course of or in connection with the provision of consumer credit, or any personal data collected by or generated in the database