oramansa.blogg.se

With CredEvolv's platform, a lender can digitally introduce a credit-declined consumer directly to a counselor. Consumers who receive coaching from counselors are far more likely to achieve credit well-being and ultimately qualify for a mortgage. They fall out of the loan process entirely and are left to their own devices to figure out how to improve their credit.īased on CredEvolv's own historical data, few consumers will take this step on their own. Often, when a consumer is denied a mortgage due to credit, that consumer is offered no path forward for improving their credit and financial situation to achieve mortgage readiness. This essentially eliminates any uncertainty that a credit-coached consumer will qualify for a low down payment loan when that consumer reapplies with his lender." "By integrating HomeCoach into our platform, our credit coaches can now use the same automated underwriting tools lenders use to assess mortgage readiness. "We are thrilled to provide such a powerful innovation to the credit counseling space," Jeff Walker, CredEvolv's CEO, said. CredEvolv announces its integration of Freddie Mac HomeCoach℠, a powerful innovation in the credit counseling space.