News
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The Truth About Trigger Leads
- February 20, 2020
- Posted by: Mindy Leisure Manager of Rescoring Services
- Category: News
No CommentsThe Truth About Trigger Leadsby Mindy Leisure The first step in obtaining a mortgage is always going through the application process. You found the broker you want to use and fill out all the paperwork. Then you go home to find half a dozen voicemails and emails from different brokers claiming they can offer you
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What FICO’s New Credit Scores Mean for the Mortgage Industry
- February 6, 2020
- Posted by: Kristine Dworkin
- Category: News
You may have heard the news; Fair Isaac is updating FICO scores! That’s right, two new credit scores are expected this summer — FICO 10 and FICO 10T. Don’t panic, these new scores won’t have much of an impact on the $2 trillion of mortgage originations expected this year. This is because lenders follow a
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Think Twice About These Credit Decisions
- September 5, 2019
- Posted by: Mindy Leisure Manager of Rescoring Services
- Category: News
There are certain decisions that people make when it comes to credit that seem like smart choices up front, but can in fact actually damage credit scores. Obviously, one of the best ways to obtain and keep a good credit score is to pay your bills on time. But that’s really just one small part,
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Tax Time Identity Theft
- March 7, 2019
- Posted by: Mindy Leisure Manager of Rescoring Services
- Category: News
Identity theft increases by seven percent during tax season from March through June. What is the primary source of this identity theft? Your mailbox. If you use “snail mail” to pay bills or receive checks you need to be aware, especially during this time of year. These identity thieves are not the high tech savvy
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Credit Score Myths
- January 10, 2019
- Posted by: Mindy Leisure Manager of Rescoring Services
- Category: News
Credit scores can be confusing at best. There is a lot of information floating around about credit and scores that just simply aren’t correct. So let’s start out the year by de bunking some of the “myths” that I constantly get questions about. Opting out will help a credit score. No it won’t. The bureaus
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UltraFICO
- November 8, 2018
- Posted by: Mindy Leisure Manager of Rescoring Services
- Category: News
Fair Isaac Company (FICO) along with Experian and data aggregator Finicity announced last week that starting in January 2019 they will begin pilot testing a new credit score called “UltraFICO.” In addition to the information the scoring models already take into consideration, this new score will also factor in the money a consumer has in
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Advantage Credit Has Merged With Clear Choice Credit
- October 23, 2018
- Posted by: Rachel Dell, Marketing Manager
- Category: Press Releases
Evergreen, Colo., October 23, 2018 – Advantage Credit Inc., a leading provider of credit reporting services to the mortgage industry is pleased to announce the merger of Clear Choice Credit based in San Francisco and Advantage Credit, Inc. based in Evergreen, Colorado effective December 1, 2018. Clear Choice Credit has been a recognized leader in
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New laws will make it easier to protect your child from Identity Theft
- August 30, 2018
- Posted by: Mindy Leisure Manager of Rescoring Services
- Category: News
In a study from Javelin Strategy and Research published in May, more than one million children were victims of identity theft in 2017. Of those, 66% were under the age of eight. Up until now it was next to impossible to freeze a child’s credit file because there was no history for them. Children are
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Opting Out
- August 2, 2018
- Posted by: Mindy Leisure Manager of Rescoring Services
- Category: News
Opting Out by Mindy Leisure Does “opting out” really help your credit score? For years I have had people tell me their clients opted out and it increased their credit score by 10 or more points. In reality this is a myth. Opting out has no bearing whatsoever on a person’s credit score. What is
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One Simple Mistake That Can Drop Your Credit Score
- July 5, 2018
- Posted by: Mindy Leisure Manager of Rescoring Services
- Category: News
There are many obvious actions that can cause a credit score to drop such as making late payments, maxing out a credit card, etc. But there is one seemingly innocent action that you’ve probably never thought of that could drop a credit score by 20 or 30 points. It may seem like a harmless thing