Unpacking Credit Reports for Mortgage & Consumer Lenders
Effective use of a credit report’s full value can significantly influence lending outcomes, borrower satisfaction, and profitability. By enhancing your comprehension of credit data, you will gain the confidence to make informed decisions that positively impact your institution’s success and stability. Join veteran financial services attorney David Reed as he demystifies the use of credit reports in the lending process and offers practical insight to gaining additional understanding and functionality in this critical area.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Have comprehensive knowledge of credit report components
- Appreciate the recent developments in FICO 10T and VantageScore 4.0
- Understand innovative risk assessment techniques
- Recognize common signs of borrower distress or fraud
- Navigate current compliance landmines
- Deploy strategies to improve lending efficiency
WEBINAR DETAILS
The raw potential of data analytics and the sheer amount of consumer information is growing exponentially. But one thing remains constant: credit reports are an essential tool for mortgage and consumer lenders. Yet, it can be difficult to fully understand the depth and nuances of information within these reports and how to accurately interpret and apply them in real-world lending decisions. This session is specifically designed to empower lenders by thoroughly evaluating recent credit report developments, highlighting key indicators of borrower reliability, addressing common misunderstandings, and illustrating best practices to minimize risk and optimize lending strategies.
WHO SHOULD ATTEND?
This informative session is designed for lending managers, mortgage lending staff, consumer lending specialists, credit analysts, underwriters, risk management specialists, internal auditors, compliance officers, and anyone involved with lending.
