Archive for June 2020
Xpert Insights: Can it help to report rental history to the credit bureaus?
Xpert Insights: Credit scorecards – What are they and why do they matter?
What is a credit scorecard? How does it affect your borrower’s credit score? Our product support manager Rosa Mumm answers these questions and more in her new “Xpert Insights” video.
Read MoreForbearance 101: Explaining the effects of forbearance to your clients
According to the Mortgage Bankers Association, 8.46% of mortgage loans were actively in forbearance at the end of May. Before the COVID-19 crisis impacted the economy, the forbearance rate was much lower at 0.25%. Many consumers are worried about its long-term effects on their credit scores as the pandemic continues. This guide can help you…
Read MoreProduct Spotlight: Work smarter with CreditXpert® Wayfinder™
We asked mortgage professionals in our CreditXpert Labs community to share the target mid-score they’re most often aiming to reach when using our software. As of late May, 640 (40%) and 660 (35%) took the top spots – does this reflect your pipeline, too? As loan volume continues to soar, it’s important to work more…
Read MoreXpert Insights Video Series: How do I explain the different credit scores to my clients?
In her recent Xpert Insights video, our product support manager Rosa Mumm delves into the various types of credit scores – a topic that can confuse borrowers who are only familiar with scores available through sources like free credit websites or their credit card company. Learn how you can explain to your clients why those…
Read MoreHelping borrowers during the COVID-19 crisis
You have been working hard – really hard – to ensure your clients not only get approved, but also get the best rate possible. With ever-changing mortgage requirements, this is no small feat. Every win is another individual or family who has a new place to call home in these uncertain times. We want to…
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