Industry Insights
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.
New year, new workflow: Maximize efficiency and pull-through company-wide
With 2020 behind us, many people are looking to set themselves up for success in the new year. For mortgage loan originators, this means strategizing to work efficiently through their loan pipeline and keep it full, no matter what the market brings. But you don’t need to do it alone; collaboration throughout your company could…
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.
Focus now on borrower care for 2021 success
The housing market has always been a key driver of the economy, and this year is no exception. Even with ongoing economic issues due to the pandemic, 2020 has been a remarkably strong year for the mortgage market thanks to your tireless work. Lenders continue to be extremely busy with refis and a purchase market…
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.
Want to improve your success rate by over 50%? Use CreditXpert® What-If Simulator™ and CreditXpert Wayfinder™ together
Buying a home is one of the biggest – if not the biggest – purchases your client will ever make. There is a lot riding on your mortgage applicant’s loan approval. Many mortgage loan originators use CreditXpert® What-If Simulator™ or CreditXpert® Wayfinder™ to generate a plan to help their borrower’s mid-score reach a higher target.…
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:
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…