Upgraded software engine and new products now available
TOWSON, Md., Aug. 20 - CreditXpert Inc., a credit optimization solutions developer, and Credit Systems Design, the provider of the UltraAMPS mortgage processing system, announced that UltraAMPS users may now access the complete, upgraded versions of Credit Assure(TM), CreditXpert Essentials(TM) and the CreditXpert What-If Simulator(TM) - software solutions designed to maximize consumer credit scores.
"To weather a difficult mortgage environment, brokers and loan officers need to convert a higher percentage of their opportunities into closed loans," said David Chung, managing director of CreditXpert Inc. "By offering the most advanced credit optimization technology, Credit Systems Design is empowering its clients to thrive in today's tough market."
Using the CreditXpert Solution Suite as an integral part of the loan origination process, brokers and lenders have found that:
o 13% of consumers with middle scores in the 620-639 range could increase
their middle score to 640 or above
o More than 25% of consumers can improve their middle scores to 620 or
o One-third of consumers who normally would be declined a loan can now be
o More than 75% of consumers can potentially increase their middle score
o One in four consumers can qualify for a better loan
"Loan officers increasingly rely on credit analysis products like those available through CreditXpert to improve consumer credit scores and close more deals," said Paul Capobianco, vice president of Credit Systems Design. "CSD is focused on providing our UltraAMPS users every opportunity to expand their business, and we are pleased to provide access to the expanded capabilities available from CreditXpert."
CreditXpert Inc. continually reshapes the mortgage lending landscape - as the pioneer of the first credit analysis service and, today, as the sole provider of comprehensive credit optimization solutions.
About CreditXpert Inc.
CreditXpert Inc. provides highly personalized credit management tools, including simulation, optimization and analysis, to help mortgage originators make more informed lending decisions. Based on a technically advanced hybrid of artificial intelligence, statistical techniques and analytical methods, CreditXpert® provides the most accurate predictions and the greatest explanatory power available today. CreditXpert products and services are offered to consumers through lenders, brokers, credit reporting agencies and consumer finance information providers. By offering these valuable personal finance tools, CreditXpert helps clients increase revenues, build stronger customer relationships and retain more customers. More information about CreditXpert can be found at www.creditxpert.com.
About Credit Systems Design
Credit Systems Design (CSD), the developer of the UltraAMPS mortgage processing system, is a division of Credit Bureau of Connecticut (CBCT). CBCT and its affiliated divisions employ in excess of 100 people, and recently celebrated its 75th year in business.
CSD has provided AMPS System technology and support to the mortgage reporting industry since 1987. During that time CSD has worked in cooperation with its system users to meet the increasingly complex demands of the marketplace. For more information on CSD or the UltraAMPS Mortgage Processing System, please visit www.creditsystemsdesign.com, or contact CSD toll-free at (877) 909-AMPS.
Source: CreditXpert Inc.