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NOVA Home Loans will be using CreditXpert’s technology to support its innovative Home on the Horizon program
BALTIMORE, February 28, 2023 — CreditXpert, the predictive credit score platform that helps mortgage lenders extend better, more compelling financing options to every applicant, is proud to announce that NOVA Home Loans is the first lender to go live with its new enterprise platform. CreditXpert’s latest offering will help lenders boost efficiency with AI, quickly compare improvement plans, track applicant progress, and manage usage through a cloud-based dashboard.
“In a competitive market, helping applicants qualify for a mortgage, land on the most appropriate loan program and qualify for the lowest interest rate is more important than ever,” said CreditXpert CEO Jim Hemmer. “This is precisely why we are so excited to have a lender like NOVA Home Loans as the first to go live with our new enterprise platform. The team at NOVA truly understands the meaningful impact that a higher credit score can have on their ability to help applicants qualify for the best rate and terms.”
“Our dedicated team of loan officers is deeply committed to helping our borrowers, regardless of their initial credit score, achieve a qualifying score, better loan program or a better interest rate,” said NOVA Home Loans SVP of Lender Services Manny Hernandez. “Even if a borrower has a credit score in the 720 – 730 range, we’ll work to get them to a better interest rate or help lower private mortgage insurance premiums. Our team is excited to be using CreditXpert to help our borrowers reach that target score and lower their cost of homeownership.”
“Innovative lenders like NOVA Home Loans help CreditXpert fulfill our mission of helping to make homeownership more accessible and affordable for all,” said Hemmer. “Our predictive analytics show that 75% of those with credit scores below 760 could improve their score by 20 points or more in just 30 days.”
CreditXpert’s innovative enterprise platform helps lenders in four ways:
- Immediately see the credit potential for EVERY applicant
- Generate highly accurate improvement plans with the click of a button
- Share improvement plans with applicants and automatically track their progress
- Manage users, groups, and branches through a single
“This is going to be a game changer for the NOVA Home Loans team,” said Hernandez. “The new CreditXpert platform is going to help us expand the reach of our Home on the Horizon program by helping us generate detailed improvement plans and communicate with borrowers in a more efficient way.”
For more information about the new CreditXpert platform and how it can help your institution win more business now, visit the company online. www.creditxpert.com/enterprise
CreditXpert, the predictive credit score insight platform, helps mortgage lenders leverage credit to extend better, more compelling financing options to every applicant. With its enterprise-ready SaaS platform, CreditXpert helps lenders identify an applicant’s near-term credit score potential, generate detailed improvement plans and boost efficiency with AI.
Founded in 2001, CreditXpert has analyzed nearly 1 billion credit pulls and is used by more than 60,000 mortgage professionals annually at many of today’s most innovative lenders. CreditXpert is redefining the way leading mortgage lenders use credit to make homeownership more accessible and affordable for all.
About NOVA Home Loans
NOVA® Home Loans has served the needs of homeowners and homebuyers since 1980. The company has offices in Arizona, California, Colorado, Oregon, Washington and Nevada and is able to originate loans in 19 states. In 2001, NOVA® merged its flexibility as a mortgage broker with the efficient service of a mortgage banker to create a better way of lending. Efficiency and teamwork are the keys to NOVA’s accelerated loan delivery. Loan applications are handled in-house from start to finish – eliminating the need to ship applications around the country for underwriting, approval and document preparation. For more information, please visit www.novahomeloans.com.
Equal Housing Opportunity, BK# 0902429, NMLS# 3087
Related Credit Insights
The enterprise-ready SaaS platform helps mortgage lenders attract more leads, make better offers and close more loans.
“Partnering with MeridianLink to connect CRAs to our new platform means that thousands of lenders will now have access to our new platform and can more easily integrate data-driven solutions into their operations,” said CreditXpert CEO, Jim Hemmer. “We know that helping borrowers with solutions tailored to their needs presents an opportunity for lenders to both improve profits and make more compelling offers.”