Credex Features

Credex is the industry's first web-based service that works seamlessly with your current processes to pull mortgage credit reports as well as providing unique problem solving business tools.

Today, you go to Calyx Point® or LoanAce®, pick your credit provider and pull a credit report. Easy. With Credex, you go to Calyx Point® or LoanAce®, pick Credex as your credit provider and get your credit report. Same process. So what's the difference? Here's what you get with Credex that no one else offers:

The AppWizard™
Credex provides you with a personalized tool, where your borrower can effortlessly fill out an application and pull their own credit report online. You send them a customized email prepared by the AppWizard™ that directs the customer to your personalized Credex page.

Once the customer provides the requested information, and clicks submit, you automatically get a copy of their application and credit report delivered to you. Your borrower also receives a secure link to their credit report, a receipt for their credit report payment, and Credex automatically delivers the FACTA notice so you don't have to worry about compliance details! Armed with powerful customer information, you can respond with a prequalification letter in lightspeed!

Manage Your Credit Costs
The ability to pay for credit reports in multiple ways can be useful in controlling business costs. Recognizing that need, Credex provides three different ways to cover the cost of credit reports:

1. The customer pays for their credit report with their own credit card online. With the AppWizard™, there's no more need to spend money on customers who may not end up closing with you. The added benefit being that the customer feels a deeper sense of commitment to the process once they've pulled their report.


2. The broker pays for the credit report. Some brokers choose to pay for the credit report as an initial courtesy to the customer. With Credex, the broker can set their credit card as a default or enter it as a one-time charge.


3. The company can pay for the credit report. We recognize that every company has their own process for charging reports. With that in mind, you have the flexibility to establish a company card as the default or use it in special cases.

However you choose to do it, Credex has an option to fit your needs!

Automated Lead Notification
Never lose a sale again because you didn't get the message in time! Every time a new application comes in, you can receive automatic notifications, via text message or email, complete with your borrower's mid-score, name, phone number and even the referral source. So, even if you're on the 9th hole, you can immediately contact your new customer, armed with powerful information, and make the sale! No more lost leads when you're away from your desk.

Borrowers Credit Scores and Re-scoring
Do you have a borrower who needs some credit help? Using CreditXpert — the built-in credit analyzer, Credex helps you identify what credit improvements may be possible to help secure the best loan for your borrower. To perform re-scoring, contact us at support@credex.net.

What's the difference between a tradeline update and rescoring?

Additional Features

Generate Referrals from Your Business Partners: With Credex, you can add your Credex link to your referral partner's website to capture and share an unlimited number of leads. Credex does all the work! Your referral sources can also use your AppWizard™ tool to automate the process and leverage your time for generating business.

Bi-lingual application process: Credit reports and applications are available in both English and Spanish.

Easy-to-read Credit Reports: Anyone who's ever gotten their own consumer credit report, knows the feeling of being a bit overwhelmed at all the information. And, typically, mortgage credit reports are no better. But to make your job that much easier, Credex credit reports are formatted in a clear, straightforward way so you spend less time searching for information and more time getting the deal closed. View a sample credit report.

Manage Sales Leads: Credex has built-in reporting capabilities to help you manage your borrower leads. The reports can be sorted and exported to other software applications. Credex has the ability to capture leads from any marketing program - ads, direct mail, email campaigns, even your web site. Make your marketing work harder and smarter and deliver measurable results.

Information Sharing with Your Loan Team: Credex allows you to share borrower information at your request. This allows your processor to begin processing loans while you are still out in the field. Immediate customer attention will drastically reduce borrower shopping!

Credex Reporting — the LeadVault: Credex allows you to track all your borrowers, from the initial lead to closing. All information in Credex can be conveniently exported to the LOS or CRM of your choice. It even lets you sort data by individual user, office or company for quick reference.