CreditXpert’s New TrendScape Analysis Meets Trended Data Demands – NMP Skip to main content

CreditXpert’s New TrendScape Analysis Meets Trended Data Demands
Nov 04, 2016
CreditXpert Inc. has announced the addition of TrendScape to its suite of credit analysis tools

CreditXpert Inc. has announced the addition of TrendScape to its suite of credit analysis tools, helping mortgage loan officers and underwriters quickly and easily make sense of the new trended credit reports, many of which now include more than a thousand new data points.

Trended credit data, detailed historical information provided for each line of credit, is changing underwriting, which previously relied on a static analysis of credit. This loan origination sea change can present challenges for loan officers and underwriters as they work to best serve both their companies and applicants.

TrendScape, now part of CreditXpert 9, analyzes and interprets large amounts of data, enabling lenders to quickly spot trends tied to clients’ credit behavior. It then delivers that critical information in plain language, on the first page of every credit report.

“Trended data is the new normal in mortgage credit reporting, providing an opportunity to better understand applicants’ true credit behavior,” said Dave Chung, managing director of CreditXpert Inc. “But it may not be readily apparent exactly why applicants are denied loans based on this data. TrendScape makes sense of this new world, presenting insights to loan officers and underwriters in a digestible way. Armed with that intelligence, they’ll be in a better position to quickly discover opportunities for applicants.”

TrendScape, which comes as an add-on with every trended credit report, offers unmatched benefits to users by:

►Automatically analyzing credit reports: Shows immediately on the first page how applicants are trending.
►Finding and forecasting trends: Alerts loan officers and underwriters to important behaviors and uses trend data to forecast key credit score changes.

“Our team of data scientists built TrendScape because we know loan officers and underwriters don’t have the time to cull through trended data reports to identify opportunities for their customers,” said Peter Fitton, product manager for CreditXpert Inc. “TrendScape empowers users to take advantage of all the new data in trended credit reports so they can put the data to work and focus on what they do best–closing more high-quality loans.”

Nov 04, 2016
More from
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Nov 23, 2021
Guaranteed Rate Adds New Chief Product And Technology Officer

Guaranteed Rate named Dr. Ramesh Sarukkai as the company’s new chief product and technology officer.

Industry News
Nov 22, 2021
Fintech Mortgage Proven To Reduce Racial Bias In Lending

Technology-based Fintech mortgage may be the answer to reducing, and ultimately eliminating, racial bias and discrimination in lending.

Analysis and Data
Nov 19, 2021
nCino To Acquire SimpleNexus

Cloud banking and digital transformation solutions company, nCino Inc., signed a definitive agreement to acquire SimpleNexus in a stock and cash transaction valued at an estimated $1.2 billion.

Nov 19, 2021
Guaranty Home Mortgage Partners With Paradatec For Doc Automation

Guaranty Home Mortgage Corporation selected Paradatec's AI-Cloud for document processing and indexing.

Nov 16, 2021
loanDepot Wholesale Enhances mello Broker Portal

loanDepot Wholesale launched the newest iteration of its mello broker portal, which then company says features added efficiencies in the closing process.

Nov 16, 2021