Industry Insights

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.

How does paying off a charged-off account impact the credit score? It may be different than you think. Rosa Mumm, our product support manager, sets the record straight in the latest Xpert Insights video.

Fact or myth? If an account is in dispute, it isn’t considered by the credit score. Our product support manager Rosa Mumm has the answer.

More and more, the industry has been seeing a decrease in credit limits. Historically, lenders have taken this action to reduce risk in times of economic uncertainty. In the last few months, some large credit card issuers have reported tightening credit lines to stem losses related to the coronavirus pandemic. As we described in a…

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.

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…

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…

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…