New Year, New Opportunities for Partnerships and Endless Possibilities
Partnering with Credit Wellness Solutions allows you to focus on your qualified clientele while they work in the background to get your unqualified clientele credit ready for mortgage lending, often much sooner than the 6 month credit repair program. These clients are then sent back to you ready to go. Sammy, our CEO and Founder published an article that goes into detail how credit reporting errors affect a credit score and how credit repair can step in and be your hero in the trenches. Considering the Fed’s announcement to raise interest rates as many as 3 times in 2022, the first expected within the next couple months; the robust real estate market experienced in recent years could slow dramatically.
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.
