Credit Plus Inc., a leader in the credit information industry since 1928, has announced that it is offering a suite of products to help lenders comply with the more stringent selling requirements that Freddie Mac announced in its Aug. 16 Bulletin 2010-19. “Making the mortgage process easier for lenders is our focus at Credit Plus. New requirements and rules are constantly being introduced, which is why we are so vigilant about developing tools that keep lenders compliant.Read more

Credit Plus Inc., a leader in the credit information industry since 1928, has announced that it is offering Credit Radar from CreditXpert Inc., an automatically generated cover page for mortgage credit reports that gives lenders an instant snapshot of an applicant’s credit worthiness. “Credit Radar combines revolutionary credit intelligence and industry best practices into a simple, elegant cover page that is delivered automatically with every credit report,” said Greg Holmes, national director of sales and marketing for Credit Plus.Read more

Credit Plus Inc. has announced that it is offering a suite of products to help lenders comply with Fannie Mae’s Loan Quality Initiative (LQI) suggestions and requirements. “Our focus at Credit Plus remains on developing tools that make the mortgage process easier for lenders. New rules and regulations are constantly being put into place. We work diligently to help keep lenders compliant. Our suite of products assists lenders with pre-closing and post-closing initiatives."Read more

Credit Plus Inc. has announced that its customers can obtain direct access to the Federal Housing Administration (FHA) TOTAL (Technology Open to Approved Lenders) Scorecard through its innovative technology. “We’re excited to be one of the first credit reporting agencies to offer this direct access,” said Greg Holmes, national director of sales and marketing for Credit Plus. “This connection allows our customers to save money and submit directly to FHA TOTAL Scorecard.”Read more

Credit Plus Inc. has announced the introduction of Lending Hand and Lending Hand Express, new programs designed to help lenders provide solutions for applicants who have been turned down for mortgage loans due to not reaching credit score minimums. “Lending Hand and Lending Hand Express enable lenders to guide and monitor applicants in obtaining the credit scores they need to qualify for mortgage loans,” said Greg Holmes, national director of sales and marketing for Credit Plus.Read more

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