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					                  Section 1.23 – Credit Reporting Vendor Policy


In This Section    This section contains the following topics.

                        Overview ................................................................................................................ 1
                        Approved Credit Reporting Vendors...................................................................... 1
                        Account Setup........................................................................................................ 2
                        Credit Vendor Selection ......................................................................................... 3
                        Operational Policy and Procedures ....................................................................... 4
                        Use of Credit Repair Vendors ................................................................................ 5



Overview           The Credit Reporting Vendor Policy provides guidelines regarding the following:
                   • acceptable credit reporting vendors when credit is ordered by SunTrust
                      Mortgage or ordered when AUS is run through STMPartners,
                   • operational policy and procedures when a credit report is used to determine a
                      borrower’s credit worthiness, and
                   • use of credit repair vendors.


Approved           •    Any tri-merged credit report, ordered by SunTrust or that will be ordered when
Credit                  AUS is run through STMPartners, must be obtained from one of the following
Reporting               three (3) credit reporting vendors:
Vendors                 • Equifax Mortgage Solutions,
                        • First American CREDCO, or
                        • LandAmerica Credit Services.

                   Notes:
                   • A credit report is considered to be “ordered by SunTrust” when:
                      • a SunTrust employee orders credit on the behalf of the Broker, or
                      • a Broker submits an online application and orders a credit report using the
                          “Order Credit” screen in STMPartners.
                   • Brokers who order credit via their own front end system (i.e., OUTSIDE of
                      STMPartners) and reissue a credit report using the “Submit to AUS” screen in
                      STMPartners are NOT limited to one of the above three (3) referenced credit
                      reporting vendors. A credit “reissue” at the time of AUS submission may be
                      obtained from any of over 300 credit vendors.

                                                                                                              Continued on next page




Section 1.23                                                                                                         November 28, 2008
Credit Reporting Vendor Policy                                                                                             Page 1 of 5
Broker Seller Guide
Credit Reporting Vendor Policy, Continued


Account Setup      Broker customers must contact their credit vendors directly to obtain contact
                   information to establish an account relationship in compliance with applicable laws,
                   rules and regulations.

                   *STM Internal Information ONLY*
                   • When contacting the credit reporting vendors to set up accounts, the SunTrust
                      Wholesale branch should establish an account and each user given unique
                      credit credentials to order or re-issue credit. If accounts are not setup in this
                      fashion, SunTrust is at risk of non-compliance.
                   • The Fair Credit Reporting Act (FCRA) puts the responsibility on the “user” of a
                      credit report to request a report only for permissible purposes.
                   • When accounts are established, users should only activate services for which
                      they are allowed to use (i.e., credit reporting, rapid rescore, credit re-issue, flood
                      certification).
                   • SunTrust Wholesale Branch account setup contact information for each
                      approved credit reporting vendor is shown in the table below.

                      Credit Vendor                     Contact Information
                      Equifax Mortgage Solutions        Primary Contact:
                                                        Jeff Van Wie
                                                        Strategic Accounts Director
                                                        Cell Phone #: 770-296-8037
                                                        jeff.vanwie@equifax.com

                                                        Secondary Contact
                                                        Click here for Secondary Contact information.

                      First American CREDCO             Primary Contact:
                                                        Kim Ziedelis
                                                        National Accounts Client Relations Manager
                                                        Phone #: 800-438-6218 ext. 3725
                                                        Fax #: 301-644-1169
                                                        kziedelis@firstam.com

                                                        Secondary Contact:
                                                        Bill Merryman
                                                        Vice President - National Sales
                                                        Office Phone #: 856-218-8502
                                                        Cell Phone #: 609-929-1799
                                                        Fax #: 856-218-8503
                                                        wmerryman@firstam.com

                      LandAmerica Credit Services       Click here for contact information.


                                                                                    Continued on next page




Section 1.23                                                                            November 28, 2008
Credit Reporting Vendor Policy                                                                Page 2 of 5
Broker Seller Guide
Credit Reporting Vendor Policy, Continued


Credit Vendor       •     The credit report is a required and important component to the underwriting
Selection                 decision.
                    •     Because credit vendors may have multiple affiliates, credit vendor selections
                          vary based on the system used to order the credit report.
                    •     The tables below show the various credit vendor selection information that must
                          be used to order or reissue merged credit reports.

                    Reference: See “Credit Ordering Instructions” in the “Operational Policy and
                    Procedures” subtopic for additional information.

When Credit is Ordered by the Broker Using the “Order Credit” screen in STMPartners . . .
                                                             Credit Vendor Selection
         System
                                       CREDCO                        Equifax                   LandAmerica
                                                                                          Note: LandAmerica is not
 STMPartners "Order Credit                                                                currently available on this
                                       CREDCO                         Equifax
         Screen”                                                                          screen. It will be added at
                                                                                                 a later date.


When Credit is Ordered by the Broker OUTSIDE of STMPartners and Credit is Reissued Using the
“Submit to AUS” screen in STMPartners . . .
         System                                              Credit Vendor Selection
STMPartners “Submit to                Choose the appropriate credit vendor code for the credit agency used.
AUS Screen”
                                  Note: Refer to the applicable credit vendor to determine the credit vendor code.



When Credit is Ordered by SunTrust on the behalf of the Broker . . .
                                                             Credit Vendor Selection
         System
                                       CREDCO                        Equifax                    LandAmerica
Calyx Credit Report Request                                     Equifax Mortgage
                                 First American CREDCO                                          LandAmerica
          Screen                                                     Services
                                                                                          LANDAMERICA CREDIT
                                   FIRST AMERICAN             EQUIFAX MORTGAGE                 SERVICES
      Fannie Mae’s                     CREDCO                     SOLUTIONS
 Desktop Underwriter (DU)                                                                       Vendor Code:
                                    Vendor Code: (1)             Vendor Code: (4)         Info1/LandAmerica Credit
                                                                                                Services (18)
      Freddie Mac’s                                              Equifax Mortgage
                                 CREDCO/Credstar/CBA                                            LandAmerica
   Loan Prospector (LP)                                             Solutions
                                                                                          Note: LandAmerica is not
 STMPartners "Order Credit                                                                currently available on this
                                       CREDCO                         Equifax
         Screen”                                                                          screen. It will be added at
                                                                                                 a later date.
                                                                                          LANDAMERICA CREDIT
                                   FIRST AMERICAN             EQUIFAX MORTGAGE                   SERVICES
  STMPartners “Submit to               CREDCO                     SOLUTIONS
     AUS Screen”                                                                              DU Vendor Code:
                                  DU Vendor Code: 001          DU Vendor Code: 004        Info1/LandAmerica Credit
                                                                                                Services: 018

                                                                                         Continued on next page



Section 1.23                                                                                  November 28, 2008
Credit Reporting Vendor Policy                                                                      Page 3 of 5
Broker Seller Guide
Credit Reporting Vendor Policy, Continued


Operational        General
Policy and         • When a credit report is used to determine a borrower’s credit worthiness, it must
Procedures            be a merged in-file credit report requested from the three (3) credit repositories
                      (i.e., Equifax, Experian and Trans Union).
                   • When the loan file is underwritten to non-AUS guidelines, copies and/or fax
                      copies of documentation may be provided directly from the borrower to the
                      Lender with written certification from the borrower that the copies are true and
                      accurate copies of the original documents.

                   Corrections to the Credit Profile
                   • Corrections to the credit profile data should be made at the credit repository to
                      ensure accuracy of information and to issue a new credit score.
                   • When there are errors on the credit report and there is not sufficient time to have
                      the repository make updates, appropriate documentation may be obtained to
                      verify the correct credit information.

                   Age of Credit Report
                   • If the subject property is existing, the credit report cannot be older than 120 days
                      from the note date.
                   • If the subject property is new construction, the credit report cannot be older than
                      180 days from the note date.

                   Reference: See the applicable loan program product description for additional
                   product specific guidelines that may apply regarding the age of the credit report.

                   Credit Ordering Instructions
                   • Click here for instructions on how to order credit using the “Order Credit” screen
                      in STMPartners.

                        * STM Internal Information ONLY *
                        •   Click here for instructions on how to order credit using Calyx Point.
                        •   Click here for instructions on how to order credit when submitting the request
                            from Calyx Point to DU.

                   Re-Issuing Credit Instructions
                   • Click here for instructions on how to reissue a credit report using the “Submit to
                       AUS” screen in STMPartners.

                                                                                  Continued on next page




Section 1.23                                                                           November 28, 2008
Credit Reporting Vendor Policy                                                               Page 4 of 5
Broker Seller Guide
Credit Reporting Vendor Policy, Continued


Use of Credit      •    SunTrust prohibits the use of credit repair vendors designed to help a borrower
Repair Vendors          falsely repair their credit profile by manipulating the data to purposely improve
                        their credit score. These tools purposely enhance the borrowers’ credit file to
                        allow them to obtain credit for which they truly do not qualify. SunTrust
                        considers it unacceptable to utilize a service that knowingly changes information
                        on the borrower’s credit report for the purpose of making them credit worthy.
                   •    If past, current or proposed usage of these credit repair services is revealed at
                        any time during the loan process, the loan will be determined ineligible.
                   •    Underwriting will perform additional due diligence to determine if a credit repair
                        vendor has been used. The Borrower Acknowledgement Concerning Use of
                        Credit Repair Vendor (BRO 1364) form must be obtained if use of this type of
                        service is suspected.
                   •    The use of credit reporting vendors mandated by the Fair Credit Reporting Act
                        that offer corrective services to lenders to promptly update inaccurately reported
                        borrower’s credit information are acceptable to SunTrust. With the proper
                        documentation, this type of service allows the borrower to legitimately update
                        their credit profile.

                        Note: Once the credit data is corrected, a new credit report must be ordered and
                        if applicable, AUS must be rerun. The new credit report might reflect new credit
                        score information. The data and the credit score reflected on the updated credit
                        report must be used to qualify the borrower, resubmit to AUS and underwrite the
                        loan. Refer to the credit vendor to determine if the new credit report can be re-
                        issued for AUS.




Section 1.23                                                                           November 28, 2008
Credit Reporting Vendor Policy                                                               Page 5 of 5
Broker Seller Guide

				
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