ScoreCard

Just About Every Score Can Be Increased
Have you turned away business because a middle score was too low? Did you know that most credit scores can be increased? It’s true, yet most brokers don’t know how to do it. Mortgage Fax’s built-in ScoreCard Plus makes sure you know exactly how many MORE points are possible on any file – and what you need to do to get them. In minutes, without any training at all, you can transform your entire office into credit experts capable of maximizing any applicant’s credit score.

One Click Tells You All You Need to Know
With a single mouse click, ScoreCard Plus gives you a roadmap to increasing your applicant’s score. The Simulator creates unique action plans based on the current needs of any borrower analyzed. It will reference specific accounts, tell you exactly what needs to be done, and how many points you’ll get for doing it. If you only need a few points, simply perform one or two of the steps. If you want to maximize the score, do them all. It’s up to you.

Give Your Applicant What Your Competitors Can't
ScoreCard Plus also provides a “tangible” benefit that makes a strong, positive impression on your applicants. At no additional cost you get a beautiful full color report that can be printed and given to your client. Using layman’s language, the ScoreCard Plus report helps your applicant better understand his or her current credit profile. It explains the items that negatively impact the score and highlights the positive factors. Even if you can’t qualify the applicant – they leave your office with a positive experience and a plan so they can try again in a few months.

See How Your Changes Affect the Score
If you already think this product can help you, it gets a lot better. Not only can the ScoreCard Plus suggest ways to maximize any credit score, it can also simulate any customized scenario you can think of – and tell you the immediate impact on the credit score. For any credit file you can see how the score changes if you:

• Delete one or more tradelines from the file
• Change the status of a trade (from “charge off” to “included in bankruptcy”, for example)
• Change the status of a late (from “30 days late” to “as agreed", for example)
• Transfer money from one account to another
• Pay off a collection account
• Pay down or pay off a credit card
• Increase a credit card’s credit limit
• Close an account

All of these actions impact the score – but how much depends on a multitude of factors. Yet, with the click of a single button – the ScoreCard Plus will tell you the results for Trans Union, Experian or Equifax. (even though each bureau uses a different scoring algorithm!)

Get Started Today For as Little as $6.00
ScoreCard Plus can be used when needed on any file you like for as little as $6.00. When you combine it with our 72 Hour Rescoring Service, you’ve got a proven formula for increasing your business – without increasing your marketing budget.

So apply for a Mortgage Fax account today and begin maximizing your applicant’s credit scores. You’ll make more customers happy – and have higher income, too.

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