Tagged: Credit Reports

Adoption milestone highlights industry's transition toward multiple approved credit-scoring models

Lender rolls out purchase buydown credits, refi pricing incentives and expanded credit score options

New features help lenders identify borrowers with the highest score-improvement potential as competition over mortgage credit models intensifies

HUD says FHA lenders will continue using three-bureau credit reports even as the agency adopts newer scoring models aimed at increasing competition and modernizing mortgage underwriting

Rocket says the updated scoring model incorporates rent, utility, and telecom payment history to create a more inclusive view of creditworthiness

Wholesale lender offers dual-score credit reports at no cost to brokers or borrowers amid growing competition around credit access and borrower acquisition tools

Rollout comes as lenders, brokers and housing professionals prepare for expanded use of VantageScore 4.0 and FICO 10T in agency mortgage workflows

Six steps loan officers can take to uncover hidden opportunities and win more cash-out refinance business

Tri-bureau visibility could help originators identify and pre-qualify underserved borrowers earlier

Move follows GSE policy shift, giving brokers visibility into both FICO and VantageScore