The browser you are using is not supported. Please consider using a modern browser.
Explore our industry & market data, resources & more.
By | January 19, 2023
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).
By | January 24, 2023
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.
By | January 11, 2023
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.
By | December 7, 2022
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.
By | November 17, 2022
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?
By | September 29, 2022
Originally featured in Scotsman Guide, Hidden in Plain Sight. Nudging a credit score upward, could be the difference between owning a home or not. Every applicant is more important than ever. The truth is that 71% of mortgage applicants with scores below 760 could better their score by at least one 20-point credit band within 30 days, allowing many to qualify for a mortgage. That’s what CreditXpert discovered when examining 24 mil- lion mid-score credit inquiries. It’s surprising how many prospective mortgage borrowers are hiding in plain sight, shielded by a credit score that is far below its potential.
By | September 8, 2022
Your credit card usage can make or break your mortgage loan approval. Lenders look not only at your credit score but also at your debt-to-income ratio, which includes the payments on your credit cards. So improper use of your credit cards could make it harder to get approved for a mortgage.
By | August 12, 2022
New data from CreditXpert’s predictive credit score platform suggests that 3 million prospective homebuyers could qualify for a lower mortgage rate right now, thus reducing their monthly mortgage payment and making more homes affordable to them.
By | June 13, 2022
Looking to close more loans in this competitive market? The path to success doesn’t run through Credit Repair or Credit Counseling. The path to success runs through CreditXpert.
By | June 8, 2022
Jump into the important issues of the day, with three key questions answered in just five minutes.
By | May 16, 2022
Now, not every mortgage program requires ‘great’ credit. That much is true. However, a higher credit score means lower interest rates and better terms which means a more affordable mortgage. In today’s economy, you need to do everything possible to keep your interest rate down.
By | May 4, 2022
More and more agents are learning that affordability is a function, in part, of the borrower’s credit score. While things like interest rates, construction costs and housing inventory are out of our control, prospective home buyers CAN do something about their credit scores.