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Rapid Rescore Can Increase A Credit Score in 72 Hours
Like it or lump it, mortgages get granted on the basis of credit score. If you have the right credit score you can start looking at paint swatches for the new kitchen. Got the wrong credit score? Well, you can always paint your existing kitchen. Rapid Rescoring is a strategy mortgage brokers use to get their clients the best shot at turning the wrong credit score into the right one. And it's about doing it as quickly as 72 hours.
4 out of 5 Credit Reports Contain Errors
Let's be clear. Rapid Rescoring will not make derogatory information magically disappear. Nor should it. What it will do is quickly correct tradelines that contain outdated or erroneous information. In fact, CBS News reported on October 13, 2004 that four out of five credit reports contain errors. A rapid rescore strategy can correct these errors in just three days which often results in a higher score. And the corrected, higher score is the right score.
Funding Suite® Gives You a Turn-Key Rapid Rescore Strategy
You can analyze any Funding Suite tri merge mortgage credit report with a single mouse click. With no training at all, a mortgage broker will be able to confidently consult with the applicant. She can state how many more points are possible on the credit file, and exactly what the applicant has to do to get those points. Once the steps are completed simply fax to Funding Suite documentation of the transactions and Funding Suite does the rest. Three days later your client will have the higher mortgage credit score they need.
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