New Tool Allows Loan Officers to Help Improve Clients Credit Scores

By Gerri Detweiler, for Originator Times

ScoreRight™, a new credit score simulation tool designed to help loan officers close more loans, has been introduced by Experian-Scorex, the global decision solutions business of Experian®. It allows loan officers and consumers to compare all three credit reports and scores, and simulate the effects of various actions on each score.

A web-based service designed for a loan officer to review in person with an applicant, ScoreRight is only available through mortgage professionals, and is not currently available for consumers to purchase on their own.

ScoreRight presents the three bureau reports, side by side, along with the Scorex PLUSSM score for each bureau’s report. In addition to the top four negative factors affecting each score, it also provides the top four positive factors influencing those scores.

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