Credit Plus Inc. has announced that it will offer a single-price credit report, the price of which will be based upon a lender’s business model. The new pricing option will assist lenders and mortgage brokers in achieving compliance with regulatory changes, effective Jan. 1, 2010, that were made to the Real Estate Settlement Procedures Act (RESPA) by the U.S. Department of Housing & Urban Development (HUD).Read more

Credit Plus Inc., a leader in the credit information industry since 1928, announced the promotion of Greg Holmes to national director of sales and marketing. Holmes, formerly the company’s southeast regional sales manager, will oversee national sales and marketing initiatives designed to attract new clients while still maintaining the company’s strong ties to its core markets.

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Credit Plus Inc., a leader in the credit information industry since 1928, announces that supporting documents to complete supplements can now be directly uploaded through its credit system. This new procedure is an important step towards the company’s overall goal to adopt more green initiatives that have a positive impact on the environment. “Credit Plus is determined to help protect the environment,” said Greg Holmes, national director of sales and marketing at Credit Plus.Read more

The football season kicked off just weeks ago, and every good coach knows that a strong defense can be the key to a winning season. That philosophy also applies to today’s mortgage industry—utilizing the right technology-based systems can give brokers and lenders a significant defensive advantage in this highly competitive industry. More and more mortgage professionals are making Tax Return Verification (TRV) reports key players on their fraud-fighting teams. Read more

You may have seen the latest press releases indicating that the Federal Trade Commission’s (FTC) Red Flag Rule enforcement is now set to begin on Nov. 1, 2009. For those who have been following closely, you are also probably aware that all brokers were supposed to be compliant with the rules as of Nov. 1 of last year. While it may seem like this affords you additional time to get compliant, it was only the enforcement date that was pushed back. That means that you still need to act quickly if you have yet to get your plan in place.Read more

Mortgage professionals can now obtain a snapshot of a property’s valuation without having to pay for a full automated valuation model (AVM) report or appraisal, announces Credit Plus Inc. AVM-Lite, a new product from Credit Plus, provides a property’s estimated value, estimated range and a confidence score, all within seconds of the request. “In this current housing market, AVM-Lite is a particularly valuable tool for customers and mortgage lenders alike,” said Steve Grant, President of Credit Plus.Read more