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…

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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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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…

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Sheri’s client was eager to purchase a property, but her credit score was too low to qualify for a loan due to outstanding student loans and derogatory medical debt. Using CreditXpert® What-If Simulator™, Sheri discovered that deleting the medical debt and reversing the derogatory information on the student loans would significantly increase the credit score.…

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We’re focused on meeting your needs in this uncertain landscape. The COVID-19 crisis is challenging for everyone, but it’s affecting our industry in a unique way. While we’ve faced economic downturns in the past, the current situation is vastly different than anything most of us have experienced before. We know you’re working around the clock –…

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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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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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