Credit Optimizer
CreditXpert®
With less qualified applicants and more stringent loan requirements in the market today, loan officers need a tool that can help them get their applicants qualified or improve their financing options. Credex offers the CreditXpert credit analyzer on every report pulled through Credex. So if an applicant comes in with lower scores, you have a way to help them get into the house of their dreams as well as provide qualified applicants with better rates and terms.
The CreditXpert analyzer reviews all data contained in each repository and formulates an exact plan designed to reach the maximum credit score possible based on the specifics of your applicants' credit report. In seconds you will know how much score improvement is possible, and exactly what steps to take to reach your credit score goal before spending costly dollars rescoring the credit through your CRA. View Sample Analyzer Report.
- Add specific types of tradelines to the file
- Close specific tradelines to reduce possible debt levels
- Reduce balances on revolving accounts
- Increase revolving credit card credit limit to improve ratios
- Identify incorrect information
- Change or delete delinquencies
- Transfer revolving balances
- Change the status of any tradeline (i.e., from collection to bankruptcy)
- Pay off accounts
Problem: How to Qualify More Borrowers
Meet Chuck. Chuck has an applicant with very specific ideas about the loan program they'd like to use. Chuck pulled their credit, and their score is close, but just doesn't measure up. How can Credex help Chuck meet his customer's needs?
Solution: Integrated CreditXpert Credit Analyzing Tool
Credex has a special value-added feature that helps Chuck analyze and understand his applicant's credit information. By using this unique tool, Chuck is able to help the applicant improve their scores and obtain the loan or simply obtain a more affordable rate. And the more Chuck can help his applicant by acting as a professional mortgage advisor, the more they'll be willing to refer him to their friends for future loan transactions.