Many mortgage loan originators regularly utilize CreditXpert® tools such as CreditXpert What-If Simulator™ to help their clients qualify for a loan or get the best rate possible. Whether you’re a super user or you just recently gained access to our software, there are some useful features you may not know about. Each month, we share product…

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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…

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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 –…

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Want to avoid unnecessary rescore fees? If you click the “Opened” date in CreditXpert What-If Simulator, you can see when account data was last reported. Since this date is typically consistent (within a day or two) each month, you can then determine when the account is expected to report naturally.

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Everyone has their comfort zone. Many mortgage loan originators defer an applicant with a credit score below 620 (the minimum to qualify for a conventional or VA loan). Others are satisfied when an applicant’s score is in the good range, around the low 700s. But these lenders are missing big opportunities to improve customer satisfaction…

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Warren Alcorn Uses CreditXpert® What-If Simulator™ to Help Get Client to Underwriting Approval Warren had a client with an initial middle FICO score of 575 looking to buy his first home. Warren knew at least a 580 was needed for minimal FHA eligibility, and even higher for potential automated underwriting approval. But “good enough” just wouldn’t…

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Fannie Mae predicted that mortgage rates would remain relatively low throughout 2020. Specifically, they forecast that 30-year fixed mortgage rates will stay near 3.7% – lower than last year’s average rate of 3.9%. Now is a great time to make sure you and your team are ready to help home buying and refi applicants looking…

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