All home mortgages depend on credit scores for the lending decision. The general rule is that the better the credit score the better the rate and terms.
Knowing that information, improving credit scores may well result in a more favorable loan. Credit report training for loan officers is designed to teach you how to read and understand credit reports and how to go about improving credit scores.
Key Reasons For Credit Score Problems
Outdated information on the credit report
Incorrect information on the credit report
Someone else's obligations listed on the credit report
And many, many more!
With credit report training for loan officers, these kinds of issues can be spotted and addressed quickly, thereby improving credit scores.
There are many "credit repair" companies that market themselves as being able to totally repair a credit report quickly. The only true fix takes time and proper credit report training for loan officers can teach exactly how to do this.
Benefits Of Credit Report Training For Loan Officers
Beyond just improving a person's life by improving their credit score, there are many direct benefits to a loan officer, such as:
Higher level automated mortgage approval
Ability to offer better rates and fees, increasing your conversion rates
Easier loan file to build due to less supporting paperwork needed
Faster closings = more referrals and more income!
Get Credit Report Training For Loan Officers
If you need to get credit report training for loan officers, select "Loan Officer" and your state under the "Professional Development" search box below, or choose one of the recommended courses you see here.
This information provided is based on state laws and regulations, and is subject to change. While TrainingCenter makes every effort to make sure this information is current and accurate, it is not engaged in rendering legal or professional advice, and shall not be held responsible for inaccuracies contained herein.
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