News and Insights from CreditXpert

We regularly share tips for using CreditXpert products, Super User Spotlights and more. You can also subscribe to our newsletter, Xtra Credit to get news and tips delivered right to your email every month.

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Xpert Insights: What does it take to have a mortgage credit score?

By Rosa Mumm | September 10, 2020

Did you know your mortgage applicant can have just one account and still have a score? Rosa Mumm, our product support manager, walks you through the requirements and how CreditXpert® Wayfinder™ can help:

Product Tip: Simulating the impact of removing medical collection accounts

By Rosa Mumm | September 8, 2020

There is a common misconception in the mortgage industry that medical collection accounts are factored into credit scores differently than other third-party collection accounts. However, all that matters to the scoring model is whether the third-party collection account exists and when it occurred – the type of collection or balance amount aren’t factored in at…

From good to great: Why clients with 700+ scores are the key to closing more loans

By CreditXpert | September 8, 2020

Want to get an edge over competitors and win more business? Offer better rates for clients with mid-scores above 700 by developing a plan to get their high credit scores even higher.  We’ve heard from the industry that there’s been a growing number of people with higher scores in the mortgage application process over the…

Supporting our communities

By CreditXpert | September 6, 2020

We built our business on a single commitment: making homeownership accessible and affordable for everyone. In honor of our 20th anniversary, we donated to three charitable organizations that are making a meaningful impact in areas that are important to us: our industry and our Maryland community.   Mortgage Bankers Association’s Path to Diversity Scholarship Program: MBA’s…

Credit Tip: What insights can the negative factors provide about the score?

By Rosa Mumm | September 6, 2020

Why isn’t my credit score higher? Why is my credit score so different across the bureaus? Why did my credit score change so much? These are some of the common questions clients ask mortgage professionals. The answers may be hidden in plain sight: the negative factors (or adverse action codes) listed near the score on…

Introducing our newest team members

By CreditXpert | September 1, 2020

Meet Matt Hydrew and Chris Chetelat! Over the last week, we welcomed them both to our growing team. They will help us make an even greater impact in the mortgage industry and provide you with the best service and support. Matt, our new vice president of sales, leads our efforts to maximize client success and…

Xpert Insights: How can the negative factors provide insights into the credit score?

By Rosa Mumm | August 25, 2020

Did you ever wonder why the credit score is what it is? The negative factors can give you valuable insights. Our product support manager Rosa Mumm helps you decipher them in our new “Xpert Insights” video:

Xpert Insights: Are medical collection accounts treated differently?

By CreditXpert | August 11, 2020

Do medical collection accounts impact a homebuyer’s credit score differently than other collection accounts? Get the facts from Product Support Manager Rosa Mumm in our new “Xpert Insights” video.

Five tips and tricks for CreditXpert® What-If Simulator™

By CreditXpert | August 10, 2020

Many mortgage loan originators regularly utilize CreditXpert® tools such as CreditXpert What-If Simulator™ to help their clients qualify for a loan or get the best rate possible. Whether you’re a super user or you just recently gained access to our software, there are some useful features you may not know about. Each month, we share product…

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Mortgage inquiries & credit score impact: Learn more in Scotsman Guide!

By CreditXpert | August 8, 2020

We’re often asked how mortgage inquiries impact a borrower’s credit score. Rosa Mumm, our product support manager and “Xpert Insights” guru, shares the details in Scotsman Guide’s August issue. Bonus: It includes an FAQ you can use the next time a client asks you this question. Read it online or flip to page 44 of…