CreditXpert recently announced a new tool for loan officers to use in helping applicants qualify for better rates and terms. Loan officers can enter a target credit score and Credit Wizard will identify possible steps to achieving it. "As mortgage rates climb, lenders are looking for better ways to do business. The Target Score feature will help lenders approve some applicants who would normally be declined and qualify other applicants for better rates," said David G. Chung, interim president and VP of business development at CreditXpert. "This is not score manipulation. It's about helping lenders close more loans and helping consumers better qualify so that they save money over the life of those loans." The tool does not change the applicant's credit score, but instead lays out possib...
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