Credit Plus Enhances Its ScoreWizard And Lending Hand Solutions

Posted by Patrick Barnard on July 09, 2015 No Comments
Categories : Residential Mortgage

Credit Plus reports that it has enhanced its ScoreWizard and Lending Hand solutions to give loan officers the ability to simulate the removal of an account in dispute in order to better measure the possible impact on a borrower's credit score.

ScoreWizard is a tool that helps loan officers help borrowers make better financial decisions to improve their chances of being approved for a mortgage loan, while Lending Hand allows loan officers to get information from Credit Plus' credit experts to help borrowers improve their financial standing.

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.

‘Our scoring tools aren't meant to artificially inflate borrowers' credit scores,’ says Greg Holmes, national director of sales and marketing for Credit Plus, in a release. ‘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. Simulating the removal of an account in dispute is just another way to do that.’

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