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. “Lenders can instantly size-up their loan applicants and spot any critical issues, all without digging through the actual credit report. And because it’s a cover page, it’s automatically delivered with no additional logins or clicks.”
Each Credit Radar page includes an easy to scan summary of three components:
►A forecast of the applicant’s mid-score in 30 days, enabling the lender to immediately be aware of potential problems at closing;
►A mid-score risk component that alerts the lender if nominal increases in the applicant’s revolving balance would put the mid-score at risk of dropping;
►Key indicators that may require the lenders attention.
Credit Radar will be included at no charge with any credit report ordered from Credit Plus until Sept. 1.
For more information, visit www.creditplus.com.