Why Credit Repair is the Mortgage and Real Estate Industry’s Unsung Hero in the Trenches
Credit Reporting Errors Could Be Costing Your Clients THOUSANDS in Interest and Possibly Approval.
Qualifying for mortgage lending for many consumers, even those with decent credit can be a daunting task. So much goes into the decision process to decide if the consumer is lending ready. Is the consumer credit worthy? How have they handled credit in the past? How are they handling it presently? Do they have the capacity to handle the obligation of repayment over 15-30 years? Lenders justifiably want to see the consumer can handle the biggest financial decision and obligation of their lives. Putting aside obvious indicators such as work history, income, and age; lenders use credit reports from the 3 major credit bureaus (Equifax, Experian, and Trans Union) to make an informed decision on a consumer’s lendability.
