Credit Xpert Scoring Tools
Credit Xpert Scoring Tools allow you to visualize change and potential in your borrower's credit file. Look at different scenarios for pay off, tradeline update and other key changes prior to paying for them. These tools are vital in today's market to ensure your loans close faster.
Assure: Automatically scans every credit file using the Essentials and Detective tools €“ based on accuracy or credit management updates. Returns a report indicating if there are opportunities to raise credit scores and how big they are.
Essentials: Enter the amount of cash available and/or the desired score improvement €“ report is returned with actions to be taken and the predicted improvement to the score.
Detective: Identifies opportunities to improve credit scores, compares data between bureaus, updates incorrect, missing and/or outdated information and gives you a predicted score improvement. Provides detailed instructions and automatically generates a consumer dispute letter.
What-If Simulator: Explore how various actions may impact a credit score. Help your borrower determine what actions they should take. Experiment with different pre-set scenarios or make specific changes to accounts.
Types of actions that you can simulate include:
- Add a new account
- Close an account
- Delete an account
- Transfer a balance
- Add an inquiry
- Change account type
- Change balance
- Change credit limit/loan amount
- Change open/close status
- Change current/worst status