Choosing from the many tri merge credit report vendors can feel like a big decision, and it is. The vendor you go with plays a major role in how smoothly your lending process runs, how happy your borrowers are, and even how strong your bottom line looks. With so many options out there, it’s easy to feel overwhelmed trying to … Read More
Ever since FICO’s 40% price hike, credit reports have been more expensive than ever before. High loan origination costs led lenders to report an average net loss of $645 per loan in 2024. With these high costs in mind, ordering the wrong reports due to data entry errors or fraudulent applications can make a significant dent in your bottom line. … Read More
Credit reports are at the heart of every mortgage decision. As a broker, you rely on accurate, timely data to guide borrowers through a smooth loan process and protect your pipeline from costly surprises. Choosing the right partner for credit reports for mortgage brokers can elevate your workflow, reduce delays, and improve overall client satisfaction, because this process involves far … Read More
As a mortgage lender, you likely track your pull-through rate, average cycle time, and other key performance indicators (KPIs). If you want to supercharge your success, smart credit pulls are another KPI to add to that list. Smart credit pulls help you shift your attention to the very top of your sales funnel, streamline costs, and allocate your attention to … Read More
Now that summer is approaching, the year is nearly halfway over. This midpoint is the perfect time for mortgage lenders to assess their current strategies and look for emerging opportunities. So far, 2025 has seen subdued purchase and refinance activity, with rates still hovering in the mid-to-high 6% range. President Trump’s erratic tariff policy has stalled the Federal Reserve’s intended … Read More
There’s big news! Federal student loan collections have been reinstated after a five-year pause. At the same time, a record number of borrowers are falling behind on their student loan payments, leading to stark drops in their credit scores. As student loan delinquencies mount, mortgage lenders must take proactive measures to protect their businesses from unexpected loan fallout and repurchase … Read More
