Reading & Understanding Credit Reports

$50.00

This training is essential to all new MLO’s and processors in training. There you’ll understand more than just finding their credit scores

Note: This program is available for special corporate discounts to training officers and branch managers who would like to incorporate it into their own programs by calling 888-254-3431 or email: support@capinst.com

Reading & Understanding Credit Reports

$50.00

$50.00Add to cart

Instructor:  Kathy Lewis
Duration:    1.2 hours / 1 year access
Type:             Online Self Paced Video
Materials:   Training Manual Download

Most credit reports are divided into four sections:

* Whose credit is being represented
* How they pay their bills
* Rollovers
* Public records
* Inquiries

 

When reading and interpreting someone’s credit report, it’s important that you have the knowledge and skills to do so.
This training is going to give you the knowledge and the skills.

 

Loan Originators & Processors

After taking a correct mortgage loan application (1003), the first thing the loan originator and/or processor need to do is to compare it against the person’s credit report.

Checking names, residences, opened accounts, tradelines, credit limits, available credit, closed accounts, collections, charge-offs and other information vital to the outcome of the loan’s approval or denial.  Sometimes there are errors in a report.

The challenge is to read it carefully every time and understand how to interpret the information correctly.

Reading a credit report for the first time is very intimidating.  Lots of pages with data, tables, codes, contact information, addresses, payoffs …the list goes on.

Your instructor Kathy Lewis is going to take all the mystery and confusion away.   After completing this course, you’ll have the knowledge and confidence needed to read any credit report accurately.

$50.00Add to cart