Now private money lenders can know more about their borrowers faster Salisbury, MD, June 17, 2021 – Credit Plus, a leading provider of mortgage verifications, business credit reports, business owner reports and a complete ecosystem of business intelligence data, today announced it has expanded its integration with Liquid Logics to now include soft credit inquiries. In addition to hard credit …
About 8% of mortgage applications were rejected for single-family homes in 2019, according to the latest available data supplied by lenders to the federal government under the Home Mortgage Disclosure Act. What were the reasons for the denials? High debt-to-income ratio (35%) Poor credit history (22%) Lack of collateral or LTV (18%) Incomplete applications, insufficient cash, unverifiable information and spotty …
As we start to move beyond the COVID pandemic, some normalcy will return to the industry. However, federal law requires that lenders and servicers continue to take care in how they deal with and report on consumers who are still suffering from the crisis. For instance, as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act, servicers may …
Improved workflow helps lenders close loans faster, builds borrower trust Credit Plus, a leading provider of mortgage verifications and business credit reports, today announced it has integrated with Cirrus, a provider of cloud-based document management software. The integration gives lenders some unique opportunities to engage with consumers in a manner that doesn’t put their credit scores at risk yet builds …
Now private money and commercial lenders can know more about their borrowers faster Salisbury, MD, April 9, 2021 – Credit Plus, a leading provider of business credit reports and a complete ecosystem of business intelligence data, today announced it has integrated with LendingWise, a LOS software platform that serves the commercial lending and private money lending industries. Integrated with the …
Investment from Lovell Minnick to Provide Significant Capital for Strategic Growth and Continued Acquisition Strategy
When the coronavirus pandemic first took hold of our country last spring, and we found ourselves in lockdown, leaders of companies across the country were left to figure out how to encourage and inspire a remote workforce shaken and concerned about the future. One popular strategy emerged: to challenge employees to think about the kind of people they wanted to be by the end of this pandemic and work toward it. Some …
SharperLending Extends Technology to Enterprise-Level Mortgage Originations Appraisal Software Markets Philadelphia, PA, January 14, 2021 – UniversalCIS, a market leader in technology and solutions to the mortgage industry, is pleased to announce the acquisition of mortgage technology provider SharperLending. The SharperLending transaction, which follows the merger of Universal Credit, CIS Credit Solutions, and Avantus, provides further enhancements to the technology …
Xactus is a certified reseller of The Work Number®, a solution offered through Equifax Workforce Solutions*, and the largest collection of payroll records contributed directly by employers. This past summer, enhancements were added to VOE/VOIs: VOI/E Optional 24 month selection Now you can select to receive up to 24 months of employment/income records instead of the borrower’s ENTIRE employment history. …
CIS Credit Solutions Announces Merger with Universal Credit Services Philadelphia, PA, October 28, 2020 – CIS Credit Solutions (“CIS”) and Universal Credit Services (“Universal”), both technology and credit solutions providers to the mortgage industry, are pleased to announce their merger. The merger, which follows CIS combining forces with Avantus earlier this year, creates a clear market leader in mortgage technology, …