Posts by Rosa Mumm
Credit Tip: Do Experian Boost records help a borrower’s mortgage score?
Due to the increased popularity of Experian’s Boost program, you have likely seen your share of self-reported utility records on your borrower’s credit reports. Your applicants may even be asking you, “Do these records help my score?” Rosa Mumm, our product support manager, shares insights on this question in her latest video.
Product Tip: Uncommon actions to try in CreditXpert® What-If Simulator™
Are you taking advantage of everything CreditXpert® What-If Simulator™ has to offer? In her latest Xpert Insights video, our product support manager Rosa Mumm reviews four uncommon – yet powerful – actions you can simulate in our most popular tool to help improve your client’s credit score.
Xpert Tip: CreditXpert What-If Simulator – All the actions you can simulate
Every mortgage lead is a loan you can close, even when credit is an issue for your borrower. Watch this video to see all the credit management actions you can simulate in CreditXpert® What-If Simulator™ for a potential way to reach your borrower’s target mid-score:
Xpert Insights: Can the passage of time hurt the credit score?
Rosa Mumm, our product support manager, demonstrates with CreditXpert® What-If Simulator™ why it’s so important to simulate the impact of time based on when you plan to re-pull the credit report.
When will a credit card balance get reported to the credit bureau?
There are many misconceptions about when a credit card balance is reported to the bureau. For example, do all accounts report at the same time each month? Watch our new video to learn how you can pinpoint the timing with CreditXpert What-If Simulator.
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…
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…
Xpert Insights: How can the negative factors provide insights into the credit score?
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: Revolving utilization: Is 50% really the magic number?
Is 50% really the magic number for revolving utilization? In the latest Xpert Insights video, our product support manager Rosa Mumm reveals the best ways your clients can optimize revolving utilization for score improvement.