No! While our predictive insights have helped hundreds of thousands of people realize the dream of homeownership, today’s most innovative mortgage lenders are using CreditXpert on EVERY borrower. For those that can already qualify for a mortgage, a higher credit score can help borrowers qualify for a better loan program, secure a lower interest rate, reduce private mortgage insurance, and bring more transparency to the mortgage application process.
From an originator’s perspective, CreditXpert can help you reduce credit fallout from your pipeline and close loans by offering the most competitive rates and terms. Originators that help their borrowers improve their credit score may also benefit from lower Loan Level Pricing Adjustment premiums. Learn more here.