Archive for September 2020
Xpert Insights: What does it take to have a mortgage credit score?
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
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
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
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?
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
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…