Introducing the new CreditXpert platform

Existing CreditXpert users will NOT be automatically upgraded to the new platform. If you are interested in upgrading to the new platform, schedule some time with a CreditXpert specialist here to learn more about getting connected.

Access to the new platform is only available directly from CreditXpert. If you are interested in upgrading to the new platform, schedule some time with a CreditXpert specialist to learn more about getting connected.

This is a question we often get from lenders that are looking to leverage credit as a strategic growth engine. The main difference between our technology and credit repair and counseling services is that CreditXpert is grounded in highly sophisticated predictive analytics algorithms that give lenders clear insights into an applicant’s credit potential (the highest possible mid-score) along with a detailed plan on how to reach a target mid-score. These algorithms have been trained and refined over the years through the analysis of nearly 1 billion mortgage credit inquiries.

Another difference between CreditXpert and credit repair and counseling services is that our technology delivers insights that can help applicants from across the credit spectrum improve their mid-score within in as little as 30-days. Credit repair and counseling services often take much longer, are typically designed to help applicants on the lower end of the credit spectrum and may require the applicant to pay a monthly fee.

Click here for more on how CreditXpert differs from credit repair and credit counseling.

No! While we are proud to help those with initial credit scores below the minimum qualification guidelines realize the dream of homeownership, the vast majority of applicants that can be helped are those that already qualify for a mortgage. In fact, we know that 73% of those with initial scores below 760 could improve by 20-points or more within 30 days. This means that CreditXpert helps applicants qualify for more appropriate loan programs, expand their purchasing power, and lower the cost of homeownership by qualifying for a lower interest rate.

To help lenders understand how they can make the most compelling offers to their applicants, we publish our monthly Mortgage Credit Potential Index. The index sheds light on mortgage credit inquiry volume and potential score increases for each 20-point band. Download the latest version of the Mortgage Credit Potential Index here.

The new platform is available only through CreditXpert and is offered as a monthly subscription that is based on a lender’s average number of monthly inquiries. To learn more about the new platform and subscription tiers, schedule some time with a CreditXpert specialist here.

To begin with, the new CreditXpert platform is built for enterprise use and has a growing suite of management tools, AI and workflows that enable efficient usage in high production mortgage operations. The platform is also hosted in a secure cloud environment which means that future updates will be made available in real time. From a feature perspective, the new CreditXpert platform is a meaningful upgrade from the company’s current offering. Click here to see a side-by-side comparison of the new platform and current CreditXpert tools.