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Bureau Rescoring | QuickScore
Lenders often must wait weeks for a loan applicant’s credit score to be revised once credit disputes have been resolved. QuickScore speeds up the process, providing an updated score within days so you can close deals faster.
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How QuickScore Works
As soon as you receive acceptable documentation from a loan applicant confirming the resolution of credit disputes, you fax the documentation and an order form to us requesting a QuickScore. We then have the credit bureaus update the applicant’s credit report and recalculate their credit score. We then inform you that the applicant’s credit file has been refreshed and is ready for your review.
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Fast Results
QuickScore can update the credit data of your loan applicants within days. We know that the sooner you have an applicant’s updated credit data, the sooner you can offer that applicant more attractive loan rates and the faster you can close the deal.
A Single Report
Once we’ve updated your applicant’s credit file, you simply request our real-time Bureau Express credit report, which combines the data from all three credit bureaus into one, easy-to-understand online document.
Enhancing Your Relationship
QuickScore strengthens your relationship and position with loan applicants. Because you are assisting applicants as they look to improve their credit scores, applicants are more inclined to remain with you once disputes are resolved and the loan process is back on track.
Matching Underwriter Systems
After you’ve updated an applicant’s credit file using QuickScore and reviewed the applicant’s file using Bureau Express, the data can be reissued in a variety of underwriting systems including Fannie Mae’s Desktop Underwriter and Freddie Mac’s Loan Prospector.
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