Tag: loan qualifying

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Tag: loan qualifying

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 Over time, these files gather corrupt, erroneous, outdated and otherwise […]

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