April 2020 – CreditXpert

Sheri’s client was eager to purchase a property, but her credit score was too low to qualify for a loan due to outstanding student loans and derogatory medical debt. Using CreditXpert® What-If Simulator™, Sheri discovered that deleting the medical debt and reversing the derogatory information on the student loans would significantly increase the credit score.…

Borrowers can’t always pay down debt to help improve their credit score. Rosa Mumm, our product support manager, teaches you how to create a credit improvement plan that works for your client using CreditXpert® Wayfinder™ and CreditXpert What-If Simulator™:

Are rescores taking longer than usual? Learn a potential workaround from Rosa Mumm, our product support manager, using the CreditXpert What-If Simulator “Last Reported” feature and other insights:

How does forbearance impact credit scores? This is the top question we’ve received from mortgage professionals lately. Rosa Mumm, our product support manager, has the insights:

While no one knows for sure what the future holds for our industry, it’s important to prepare and act with purpose. We put together a central DIY resource to help lenders do just that. Our Xpert Credit Process training materials help you implement the efficient system Dave recommended to readers of National Mortgage Professional Magazine. All it takes to start…

NMP Magazine’s Q&A with CreditXpert®: COVID-19 and beyond What will the mortgage industry look like after COVID-19? What steps can lenders make now to optimize resources, stay competitive and sustain their business in the long-term? Our co-founder Dave Chung recently shared his perspective in a Q&A with National Mortgage Professional Magazine.

We know you get asked this a lot by your clients (and we do, too!). Don’t worry, we have you covered. Here are four fast facts to remember next time a borrower asks you about the relationship between mortgage inquiries and credit scores: Mortgage inquiries aren’t factored into credit scores until they’re over 30 days old –…

You’ve seen the comment “Impacted by natural or declared disaster” on your borrowers’ credit reports — but how does that affect their score? Our product support manager Rosa Mumm has the answer:

We’re focused on meeting your needs in this uncertain landscape. The COVID-19 crisis is challenging for everyone, but it’s affecting our industry in a unique way. While we’ve faced economic downturns in the past, the current situation is vastly different than anything most of us have experienced before. We know you’re working around the clock –…

Do you have borrowers at risk of no longer qualifying for mortgage loans due to recent score requirement changes? Rosa Mumm, our product support manager, explains how focusing on external collections may help you reach a new target credit score: