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We know there is a lot to think about when purchasing a home, and knowing the fundamentals of each loan type is paramount. Check out our article to see which might be best for you.

The world of consumer credit scores can be complex and confusing. Understanding the credit scores basics, and the different types of credit scores, is an essential personal finance skill that starts with knowing you may have four or more scores. They’re all different!

On May 1 DTI joins the list of LLPA characteristics, so it becomes especially important to offer credit score improvement to all borrowers whose debt-to-income ratio is 40% or greater. Credit score improvement won’t reduce debt-to-income. It could, however, help off-set the DTI premium for these borrowers. We know that a Credit First strategy, where credit score improvement, is offered to every eligible borrower, is a true hidden winner, one that will enhance every lender’s bottom line as well as help offer borrowers a better, more competitive rate. The math is simple. So is credit score improvement thanks to CreditXpert’s time-tested, data-centric approach.

CreditXpert analyzes millions of mortgage credit inquiries each month. We use our proprietary predictive analytics engine to help thousands of mortgage loan originators highlight the potential score increase their applicants may be able to achieve within 30 days by completing a custom action plan.

A 30-year fixed rate mortgage is a type of home loan in which the interest rate stays the same for the life of the loan, typically 30 years. A fixed rate mortgage offers stability, as the monthly payment remains the same, even if interest rates rise in the future. Like all mortgage loans, fixed rate mortgages are amortized, which means that they are paid off over time through regular payments that include both interest and principal.

CreditXpert analyzes millions of mortgage credit inquiries each month. We use our proprietary predictive analytics engine to help thousands of mortgage loan originators highlight the potential score increase their applicants may be able to achieve within 30 days by completing a custom action plan.

Mortgage affordability is the simple measure showing the median home prices as a multiple of median household income. Simply stated, housing affordability is a measure of, whether a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent price and income data.

CreditXpert has been used as a very tactical tool up until this point — we're trying to change that. Everyone should get the option of bettering their credit score, systematic use could be key to growing profitability.

While wrapping our heads around the state of the mortgage market and where it’s headed this year, we wanted to check in on rates and the impact credit scores have on them. We first noticed in September 2022 that lenders were not passing along the advantage higher credit scores afford lenders vis a vis the Fannie Mae/Freddie Mac loan level price adjustments (LLPA).

MCPI is a monthly study of mid-score mortgage credit inquiries by 20-point band that serves as an indicator of changes in mortgage demand across the consumer credit spectrum and reveals affordable housing and other lending opportunities. It was designed to help lenders see how shifts in volume and applicant credit potential should shape their lending operations to reduce credit fallout in an increasingly competitive mortgage market. It helps lenders craft strategies that will expand their addressable audience and offer more competitive offers for an increasingly savvy consumer.

CreditXpert analyzes millions of mortgage credit inquiries each month. We use our proprietary predictive analytics engine to help thousands of mortgage loan originators highlight the potential score increase their applicants may be able to achieve within 30 days by completing a custom action plan.

CreditXpert analyzes millions of mortgage credit inquiries each month. We use our proprietary predictive analytics engine to help thousands of mortgage loan originators highlight the potential score increase their applicants may be able to achieve within 30 days by completing a custom action plan.

Lenders are trying to cut costs, but they’re not saying “no” to investing in new tools. What they’re looking for is a strong return on their investments.

We're in a bit of a free fall in the market, and I think lenders are figuring out how to adjust to that. As a result, we're hearing a lot of them talking about how they plan to leverage technology like ours to be more competitive in the market. How can lenders use CreditXpert tools as a strategic growth engine?