Close more loans with CreditXpert® credit scoring analysis which allows you to instantly determine the steps to potentially improve a consumer’s credit scores. Some changes that seem positive can actually harm a consumer’s credit score (i.e. paying off certain collection accounts). In seconds CreditXpert® will tell you what the credit score change might be before actually updating the credit report. The CreditXpert® score is designed to reflect common industry practices and works independently of other scoring models. With CreditXpert®, brokers can show their consumers their credit potential and how to qualify for better loan rates and consumers can understand how lenders perceive them as a credit risk.
CreditXpert®
CreditXpert® Products are:
CreditXpert® Products Include:
Credit Analyzer
A report that shows consumers how they can improve their credit scores. For example: Paying off a balance. It only recommends actions that can produce a significant score increase (3 points or more). This product automatically calculates the best possible score improvement scenario from an entered disposable cash value or desired score increase. It also provides a detailed analysis of a consumer’s credit history, including negative and positive scoring factors.
What-If Simulator
An advanced tool that only experienced financial professionals should use. It simulates the impact of various actions on a consumer’s credit score, enabling experimentation with actions like paying off a balance, closing accounts, missing payments, or updating information. It also can view their potential effects before actually taking the steps that will impact their credit standing. Users can experiment with countless scenarios and view potential effects to determine the best possible option for re-scoring (supplemental work) or determine if work done on the current file would be worth the cost.
Credit Assure
Allows customers to look before they leap and decide which product to use while keeping customers ‘in the loop’. They are automatically linked the CreditXpert® products that can help them. For you, Credit Assure retains credit report pricing margins, winning you new business with better margins while improving the customer experience.