The Experts In Real Estate And Mortgages

 

The real question is, why they all are not?

Here are some important reasons why loan officers mortgage brokers and maybe even banks should offer the service of legitimate credit repair companies.

 

Credit repair works

 

A good credit repair company will not dispute that the client has these trade lines; they just force the credit bureaus to verify that what they report is 100% correct, not just true,using the fair credit reporting act.

 

They then force the creditors and credit bureaus to produce the information that they must have to verify the debt and they must prove that everything is accurate.

 

If they do not have the documentation or they reported something incorrectly, by law they must remove it!

 

Now I will let you know that the client could possibly get the same results but they must be very familiar with the laws. as an example they can also represent themselves in a court of law, do their own taxes and sell their own homes. But they hire attorneys, accountants, and realtors everyday to get the job done most effectively and as quickly as possible.

 

Credit repair makes a client’s credit better.

By removing negative items on the client’s credit report they cause the credit scores to improve which is what every lender makes there credit decision on.

When negative items are removed, they stay away.

What typically happens is that the debt is sold or transferred to a collection agency which will re-report them in an effort to pressure the client to pay the debt. When this occurs we can go back and dispute the items under the same dispute that removed them in the first place.

 

Removing old negative items improves scores.

It frees up you and the loan officers time instead of trying to do it themselves

A loan officer should be spending time on what he does well which is finding you the best rate and terms

The client saves significantly more compared to the cost of service.

The savings you have when you improve your credit scores can be tremendous , especially when you look at the average size of a mortgage these days and really adds up over the life of the loan.

 

Most People Have some bad credit.

 

The statistics show that at least half of the people trying to qualify for a mortgage have bad credit and after the recent mortgage meltdown and lack of programs for these people, credit repair and good credit scores are almost mandatory.

A referral from a Loan Officer Makes the client feell that they are dealing with a reputable credit repair company.

 

The credit repair industry has had a bad name for some time due to a few unscrupulous operators. Client are expecting you to have done your due diligence prior to working with this company. It gives them a better sense of security.

 

Half of the clients are loan worthy in the first 45–90 days!

Time is money as rates change daily. It is imperative that the repair service work in a timely fashion.

 

The company should also be able to keep the loan officer up to date on the process so they know when to get the client back into the office to get approved.

 

Working with a client to raise their scores also shows them that you care enough and want them as a client in the future.

 

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