TRADELINE RESCORE SERVICES
72-hour Error Correction – Higher Scores to Close More Loans!
RAPID RESCOREClear and concise credit reports are not enough to close a loan.
Maximizing credit scores makes the difference between losing a prospect and making the loan. That’s why Score Advisor and Rapid Rescore services are important parts of the 1 Source Data Credit System.
It’s a documented fact: over 80% of credit files contain at least one error. Most errors hurt credit scores and keep borrowers from getting the loans they need. If you correct the trade line, it usually raises the FICO score.
You can follow the repository’s guidelines to correct mistakes, but it means sending a letter to each repository… making phone calls to be certain you sent the right documents… waiting weeks to be hear the file has been corrected… then finally re-running the credit report. The whole process can take months …but the loan can’t wait that long.
Rapid ReScore gets you to higher score faster. Our agents can advise you on selecting corrections that will help your client’s scores. They will help you collect the right documentation, in the right format. Then, they will electronically submit the package direct to the repository. Two days later we start making calls to confirm the trade line is corrected. Usually, we finish process in 72 hours or less. And all that time you can be working on other projects.
Use Rapid ReScore anytime incorrect data shuts-down the loan process.
- Late Payments – Account shows late, but can be proved always current.
- Closed Accounts – Closed accounts reported as open with a balance.
- Tax Liens – Reports of tax liens not released, or duplicate reports
- Judgments – Incorrect reporting of a judgment not being satisfied.
Credit scores affect the quality and cost of any loan. Rapid Rescore can get the borrower get the loan they want. Our skill becomes your skill, and your clients will be impressed.
Take advantage of our 20 years of credit scoring experience. Make Rapid Rescore an extension of your company, and you borrowers will tell their friends and neighbors.