Better Credit Scores = More Opportunities For You.
Benefits Include:
IMPROVE OVERALL CREDIT
To potentially help your borrower qualify for the best mortgage option possible.
QUICKLY ENHANCE SCORE
Enabling your borrower to qualify for the best product and rate program. Credit scores can be enhanced within 3-5 business days!
We may be able to help you enhance your customers’ credit scores and convert lost opportunities into sales. Plus, there’s never a charge for this service!
Credit Boost Submission Form is found on our Forms page for use after 1003 upload.
5 STEPS TO Newrez's CREDIT BOOST
We’ll review the borrower’s credit report and provide potential solutions to improve the score. (Xactus®/Universal credit only provided by Caliber).
You’ll receive simulation results and a Credit Education Disclosure to share with the borrower.
The borrower must complete the steps outlined to improve their score (we will need evidence of the action taken) and return the signed Credit Education Disclosure.
Once we receive the completed documents, we will process a Rapid Score based on the new information. The new score will represent the current profile.
We will pull a new tri-merge credit report based on the on the updated credit information.