Skip to main content

Credit Plus Enhances Its Credit Scoring Tools
Jul 02, 2015
Credit Plus Inc. Logo

Credit Plus Inc. has announced that it has enhanced both its ScoreWizard and Lending Hand programs, giving loan officers the ability to simulate the removal of an account in dispute to better measure the possible impact on a borrower’s credit score.

ScoreWizard is a tool that helps borrowers make better financial decisions to improve their chances of being approved for a mortgage loan. It quickly and easily generates a detailed analysis of the consumer’s credit score and includes a “What If Simulator” that can simulate changes to the consumer's credit file and predict the score that may result from those changes.

Lending Hand is a service that utilizes the experience of Credit Plus’ credit experts to give mortgage loan applicants the highest probability of a successful rescore. Working directly with loan officers, these experts develop customized solutions for applicants. The loan officers, in turn, present each solution to their applicants which include an in-depth analysis of each credit file, an evaluation of how financial decisions may impact their credit score and timeline, and a personalized, action plan.

“Our scoring tools aren’t meant to artificially inflate borrowers’ credit scores. Rather, they are there to help mortgage professionals educate applicants on their financial health and make them aware of various situations that may positively or negatively impact their scores,” said Greg Holmes, national director of sales and marketing for Credit Plus. “Simulating the removal of an account in dispute is just another way to do that."

This new enhancement will improve each program’s ability to more accurately predict the degree by which an applicant’s credit score may change if an account in dispute were to be removed.

Jul 02, 2015
More from
Finance of America Fortifies Cybersecurity

Finance of America is partnering with Spera Security to mitigate identity security risks and safeguard sensitive data.

Nov 15, 2023
Fraud Fighting Funding

Survey reveals biggest pain points for Chief Information Security Officers are 3rd party risk management and AI security

Oct 23, 2023
A Quest For The Digitally Confounded

Blockchain might have a transformative potential for the future

Oct 03, 2023
Robots Can’t Relate

Incorporating ChatGPT into mortgages has some originators concerned if artificial intelligence is a friend or a foe

Sep 27, 2023
AI Can Revolutionize Mortgage Licensing

Will AI unlock efficiency and accuracy in licensing or will it be an added compliance risk?

Sep 18, 2023
Snapdocs Promotes Michael Sachdev to CEO

Founder Aaron King becomes executive chairman.

Sep 14, 2023