What is Corelogic Credco

CoreLogic Credco is a consumer reporting agency and a subsidiary of CoreLogic, specializing in providing merged credit reports that combine data from the three major credit bureaus (Equifax, Experian, and TransUnion) to lenders, primarily for mortgage, auto loan, and other credit applications, to aid in assessing borrower creditworthiness.

What Does CoreLogic Credco Do?

1. Merged Credit Reporting
   Credco aggregates credit data from all three major bureaus—Experian, Equifax, and TransUnion—and combines it into a single tri-merge report. These reports help lenders evaluate your credit history more efficiently and are widely used in mortgage and auto lending.
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2. Supplemental Reports (CreditIQ)
   Their CreditIQ product integrates traditional tri-merge data with proprietary data such as:
   • Property ownership and legal filings
   • Property tax payment history
   • Rental application and eviction records
   • Collections, bankruptcies, child support obligations
     This adds depth for lending decisions but does not represent a traditional FICO score.
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3. Soft vs. Hard Inquiries
   • Hard Inquiries: Occur when applying for credit (e.g., mortgage, auto loan, refinancing). These may appear as Credco inquiries on your credit report and can affect your credit score temporarily.
   • Soft Inquiries: Appear during prequalification, credit counseling, or certain identity checks. These typically do not impact your credit score and may or may not be visible on your report depending on the bureau.
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4. Other Use Cases
   • Tenant Screening: Landlords and housing providers sometimes use Credco to run background or rental history checks.
   • Credit Counseling & Financial Services: Credco may be used in prequalification or credit counseling scenarios using soft-pull methods