In a recent publication, Equifax defended the tri-merge credit report, warning lenders that to rely on a single credit bureau is to “cut corners.” By doing so, two-thirds of available credit data is at risk of being missed, it wrote.
“The Danger of the Single-Bureau Blind Spot: Why the 30-Year Mortgage Demands the Tri-Merge Standard,” was published June 10 as a paid opinion piece by HousingWire. It has a subtitle that states: “Single-bureau pulls ignore 66% of national credit data, hiding critical liabilities.”
In a critique posted Wednesday on LinkedIn, Jennifer McGuinness took issue with the piece, saying she is certain she knows why this blind spot exists: “Equifax, Experian and TransUnion make a lot of money keeping it that way.”
“The f...