News and Insights from CreditXpert

We regularly share tips for using CreditXpert products, Super User Spotlights and more. You can also subscribe to our newsletter, Xtra Credit to get news and tips delivered right to your email every month.

Focus now on borrower care for 2021 success

By CreditXpert | November 9, 2020

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…

what if simulator product tips

Xpert Tip: CreditXpert What-If Simulator – All the actions you can simulate

By Rosa Mumm | November 9, 2020

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?

Xpert Insights: Can the passage of time hurt the credit score?

By Rosa Mumm | October 15, 2020

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?

By Rosa Mumm | October 6, 2020

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

By CreditXpert | October 5, 2020

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.…

Rosa Mumm from CreditXpert video

Xpert Insights: What does it take to have a mortgage credit score?

By Rosa Mumm | September 10, 2020

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

By Rosa Mumm | September 8, 2020

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…

From good to great: Why clients with 700+ scores are the key to closing more loans

By CreditXpert | September 8, 2020

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…

Supporting our communities

By CreditXpert | September 6, 2020

We built our business on a single commitment: making homeownership accessible and affordable for everyone. In honor of our 20th anniversary, we donated to three charitable organizations that are making a meaningful impact in areas that are important to us: our industry and our Maryland community.   Mortgage Bankers Association’s Path to Diversity Scholarship Program: MBA’s…

Credit Tip: What insights can the negative factors provide about the score?

By Rosa Mumm | September 6, 2020

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…