Tag: fico

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Tag: fico

Mortgage Brokers Provide Value in Credit Expertise

by William DiPaolo

Most brokers understand that selling to referred clients and selling to cold prospects are so different that they can’t be compared fairly. Generating referrals, however, can be a struggle for many brokers. But if you can offer your clients a service with inherent value, you may see your referral business boom. Most mortgage clients understand […]

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Credit Use and Your Credit Score

by William DiPaolo

The other morning I read a story in the Wall Street Journal that reveals just how unsure people are about the relationship between their credit use and their credit score. Since WSJ was kind enough to post it on their free site, here’s a link to the story. The problem I have with the article […]

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Credit Proofreading: Detecting Errors that Incorrectly Lower Credit Scores

by William DiPaolo

Why is credit proofreading needed? When borrowers apply for mortgage loans, their credit files contain three credit scores, calculated by the credit bureaus: Experian, TransUnion and Equifax. The data used to calculate these scores is collected, managed and reported independently by each of these bureaus. Over time, these files gather corrupt, erroneous, outdated and otherwise […]

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