Credit Potential Index – August 2023

A leading $100B asset regional bank faced costly fallout as creditworthy borrowers were denied over marginal scores, hurting revenue and satisfaction. By implementing CreditXpert’s credit optimization platform across branches and call centers, loan officers provided actionable plans that turned “no” into “not now".

Mortgage lending can feel like rocket science at times... Here’s everything you need to know about how to leverage credit scores and turn it into a strategic business advantage. Fannie Mae and Freddie Mac announced potential changes to their Loan Level Pricing Adjustment (LLPA) tables. In the lending industry, it's essential to be aware of these updates and understand how they can be advantageous to the business — the importance of consumer credit in predicting lender profitability is crucial, especially with these new LLPA changes. These adjustments will significantly impact both lenders and borrowers in the industry. But how?