Credit Plus announces customer direct access to FHA TOTAL Scorecard – NMP Skip to main content

Credit Plus announces customer direct access to FHA TOTAL Scorecard

Mar 31, 2010

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.” The U.S. Department of Housing & Urban Development (HUD) developed the FHA TOTAL Scorecard to evaluate the credit risk of FHA loan applications that are submitted through an automated underwriting system. A mortgage professional simply uploads the 1003 loan data into the FHA TOTAL Scorecard and the application is approved or denied. A real-time response is provided through the automated technology. For more information, visit www.creditplus.com.
About the author
Published
Mar 31, 2010
Condo Review Deadline Puts Lenders On The Clock

Fannie Mae and Freddie Mac will eliminate abbreviated project reviews for condo applications dated on or after Aug. 3

TRUE Releases AI Governance Guide Ahead Of Fannie Mae Deadline

Guide focuses on tracing mortgage data from borrower documents through AI validation, human review, and final LOS entry

AD Mortgage Warns Condo Eligibility Changes Could Restrict Conventional Financing

Wholesale lender cites internal loan data to urge regulators to monitor whether new condominium eligibility standards reduce access to conventional financing

CHLA Says Direct Payments Are Key To Small FHA Loans

The lender group says mortgages below $100,000 routinely lose money, while LO compensation rules could prevent federal incentives from reaching originators

Solidifi Clears FHA Certification For UAD 3.6 Integration

The appraisal management company says it is the first to complete certification for FHA’s modernized EAD platform, giving lender clients an early path toward implementation

Vought To Face Congress Over CFPB Overhaul, Enforcement Pullback

Vought’s testimony also comes as a new poll suggests the CFPB retains broad support across party lines