XFormic Inc., Burlingame, Calif., has announced the introduction of Direct Credit Solution, a software product that it says "revolutionizes" the way small to medium-size mortgage companies retrieve merged credit reports.DCS allows mortgage companies to bypass existing credit data resellers and purchase data directly from the major credit bureaus, XFormic said. "Going direct allows the mortgage company to avoid reseller markups and save, on average, 40% on data acquisition costs," the company said. ".... Currently, the average reseller charges $12-15 for a tri-merged credit report. With DCS, the cost is $7.88 or less." XFormic can be found online at http://www.xformic.com.
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