Archive for May 2020
Xpert Insights: How do mortgage inquiries really impact the score?
How do mortgage inquiries impact the credit score? We’re asked this question a lot by mortgage professionals. Get the facts from Rosa Mumm, our product support manager, in her latest “Xpert Insights” video.
Is it true that mortgage lenders can’t report “lates” during the pandemic?
One of the most common questions we’ve heard from mortgage professionals is whether it’s true that lenders can’t report “lates” during the pandemic. The answer? No! The CARES Act governs how lenders report to the bureaus only in circumstances where they have reached an agreement with the borrower. In other words, if the borrower has…
NEW Video Series: Your COVID-19 credit questions, answered
There are a lot of unknowns amidst the current global pandemic. For instance, in our first Insights Poll last month, we learned that more than half (51%) of mortgage professionals are troubled that employment uncertainty may keep borrowers from applying for mortgages. If you’re facing challenges and have questions, our team is here to help.…