Verifying borrowers’ income is a critical step in the mortgage lending process. Tax transcripts confirm that your applicants’ stated income matches official IRS records. In turn, they protect you from fraud, strengthen your regulatory compliance, and reduce your repurchase risk. While essential, accessing tax transcripts hasn’t always been easy. The IRS is often understaffed and relies on dated technology, making … Read More
If you’re eager to maintain a strong credit score, you probably already know what’s at stake. A high credit score can help you qualify for loans, secure lower interest rates, and access more favorable opportunities. To earn a high credit score, you must optimize five factors: your payment history, account balances, length of credit history, credit mix, and credit inquiries. … Read More
Buying a home is an exciting process, but it requires careful planning and a strong creditworthiness. From your initial application to closing day, it can feel like you’re under a microscope. And in many ways, you are—mortgage lenders closely scrutinize your finances and credit history to ensure you can truly afford your home loan. The good news? With a few … Read More
With today’s rising home prices and elevated interest rates, buying a home comes with significant costs. As a result, many borrowers are eager to save on their mortgage payments. One powerful way to minimize your mortgage payments is to apply for your loan with a strong credit score and low debt-to-income (DTI) ratio. While it can take time to build … Read More
In the fast-paced world of mortgage lending, every point on a credit score can make a difference. That’s where rapid rescore service comes into play. This powerful tool can be impactful for both lenders and borrowers, potentially turning a loan denial into an approval or securing a more favorable interest rate. Rapid rescore service helps borrowers get a credit score … Read More
Certified Credit will be attending The Mortgage Collaborative’s “Live Large, Think BIG!” Conference in Dallas, Texas, where it will participate in the TMC Preferred Partner Solutions Showcase. Every year, the Mortgage Collaborative brings together mortgage lenders from across the country to discuss ways to cut costs, streamline workflows, and enhance borrower engagement. Its annual conference also features some of the … Read More
