| ScoreWizard
now makes it easier for your borrowers to reach
their target credit score, which can make all the difference
for a consumer in the current mortgage market. Raising a score
by as little as 10 or 20 points may be all that is needed for
approval. With ScoreWizard, you can quickly and easily generate
a detailed analysis of the consumer’s credit score, including
suggestions on how it can be improved, plus you can: • Generate
separate analysis for 1, 2 or 3 bureaus
• Generate analysis for co-borrower
• View/print applicant invoice
• Pay-by-credit card
• Easily view/print report from history
But that's not all you can do with this first-of-a kind credit
advisory tool! Using our What If Simulator, you can simulate
changes to the consumer's credit file and predict the score
that results from those changes. After your borrower has taken
the actions recommended by the Wizard, forward the supporting
documents to our Score Plus Program and within as little as
72 hours we will update their credit bureau files to reflect
the new score – and you will have become a trusted advisor
to your borrower.
Key benefits of this valuable tool for increasing business
volume include:
• Easy access via Credit Plus’ website
• Four sequential elements to the Web application:
– Analyzer looks at the positive and negative factors influencing
the borrower’s credit score
– Advisor suggests how to maximize and improve both the score
and over all financial standing
– What-If Simulator demonstrates the impact that actions such
as adding or removing accounts and correcting errors could
have on the credit score – letting the broker predict the
results
– Score Plus updates and rescores credit files in as little
as 72 hours after the borrower has taken the actions recommended
and supporting documents have been forwarded
• Opportunity to build a new segment of business by capturing
loans that might otherwise fail due to poor credit scores
View
Sample Report View
How-to Guide
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