Informative Research Arms Mortgage Professionals With New Tool to Close Loans When Interest Rates Are on the Rise

LONG BEACH, Calif., CAMB Annual Convention and Expo, Aug. 6 – Informative Research (IR), a leading mortgage credit reporting agency, announced today that IR customers have a new solution that advises mortgage professionals how they may dramatically raise a borrower’s credit score.

CreditXpert® has developed several solutions for use by lending partners and credit providers, and Informative Research currently offers two of those solutions to its customers: CreditXpert Essentials™ and the What-If Simulator™. Informative Research customers can use these tools to analyze a borrower’s actual mortgage credit file and determine the areas that have the greatest potential to affect that specific consumer’s credit score. IR believes that mortgage professionals will not only be able to close more loans with this service, but also provide their borrowers with better loan packages and build repeat and referral business.

“One of our first users of CreditXpert’s What-If Simulator needed to increase a credit score by three or four points in order to qualify a borrower for a loan package,” said Jeff Lau, Director of Marketing, Informative Research. “The CreditXpert product, along with IR’s Credit Score Review re-scoring service enabled the loan specialist to increase the credit score by 55 points. The borrower was able to qualify for a better interest rate and a better overall loan package. Informative Research believes in introducing products that can have a real impact on a borrower’s credit file, such as CreditXpert’s solutions did in this situation.”

Informative Research offers two products from CreditXpert: the CreditXpert Essentials, and the What-If Simulator. The What-If Simulator provides an excellent starting point for previewing how different actions and combinations of actions could affect the borrower’s credit score. The best action varies according to the unique make-up of each individual applicant’s credit file. Traditional advice of paying off a credit card may not add enough points to a user’s score, and the What-If Simulator helps uncover the choices that will create the biggest impact. The Essentials product combines two tools into one set: the Credit Wizard™, which provides expert advice for how to proceed with updating a borrower’s credit file; and the Credit Analysis™, which translates the codes and reasons transmitted by the credit bureau.

As interest rates begin to rise, and loan originators focus on the service level they can provide to prospective clients, credit scoring tools and resources like those offered by CreditXpert will become vital. By taking into account the borrower’s actual credit file and coupling it with sophisticated scoring models, the CreditXpert service provides users with highly efficient analysis and recommendations.

Kim Soash of Progressive Lenders in Woodland Hills states, “As a loan officer, I am committed to getting my borrowers the lowest possible rate and the best possible terms available. With this additional tool I am able to accomplish this goal!” Informative Research continues to help its lending partners earn respect in the industry, and learn more about their borrowers in a short amount of time by offering resources such as CreditXpert’s credit solutions.

About Informative Research
Informative Research is a privately held information provider, servicing the mortgage lending industry since 1946. Informative Research was founded to provide research services aimed at reducing the risk faced by the banking and lending community. During its 58-year history, IR has evolved into one of the nation’s recognized leaders for full service mortgage information services, distinguished by its implementation of technology and its Commitment to Customer Excellence (C2E), which emphasizes extraordinary relationships with the lenders, brokers, and agents involved in the loan process. For further information regarding the benefits of working with Informative Research, please contact us at 714-638-2855, or visit http://www.informativeresearch.com.

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