They say ignorance is bliss – but we don’t think that’s the case when it comes to your portfolio. In this market, if someone from your portfolio is shopping for another mortgage, you need to know about it.

When we conduct our 30-day portfolio look backs with Portfolio MonitoringX, lenders are learning that about 1% of their portfolios, on average, have had credit pulled over the past month. That means a portfolio of 10,000 records would receive about 100 alerts (across all three bureaus) over the course of 20 business days which would amount to about five per day. Five leads per day is a lot in today’s environment!

With Portfolio MonitoringX, you can also see if another lender is contacting someone in your current loan portfolio which can help you retain business.

Complimentary 30-Day Look Back

Take advantage of our free 30-day look back to see how many new mortgage alerts you would have received if you were monitoring your portfolio. To explore our Portfolio MonitoringX service, simply email [email protected].

Protect Your Pipeline With Pre-AppX Soft Credit Inquiries

With Xactus’ Pre-AppX, you can avoid prospect triggers until much later in the pre-approval process. And, Pre-AppX adds more utility to a soft credit pull.

  • Use for an Early Assessment from Desktop Underwriter® (DU®) and Freddie Mac Loan Quality Advisor®
  • Charge consumers
  • Use with scoring tools, supplements and other verification services such as monitoring and income verification
  • Onboard through a simple process
  • No written consent is required; a consumer must provide authorization
  • Pull up to three bureaus
  • Similar cost as hard inquiry
  • Borrower can consent for co-borrower

Learn more here or contact your strategic account manager for more information.

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