Good reads, good deeds and good people
You know those public service announcements that end with the familiar phrase, “The more you know . . .”? That’s how we look at our “News & Events” section. This is where you will find all sorts of useful information – from industry news to thought leadership in the form of blogs and videos, to company announcements highlighting innovative services, new members of our family and more exciting news and events. All of which leave you, we hope, saying, “How about that – the more you know…”
NEW! Changes to CreditXpert
As of 1/01/2025, CreditXpert introduced a NEW platform, offering updated technology alongside a new look and feel – combining the best features of Wayfinder and What-If Simulator into a single platform, along with additional value-added tools. Due to this significant change, CreditXpert is no longer sold directly through Credit Information Systems and Accurate Financial Services.
This upgrade comes along with a new delivery business model based on a direct relationship CreditXpert has with lenders who use the service. What does this mean? Users will no longer purchase this service from Credit Information Systems/Accurate Financial Services, and your billing will be sent directly to you from CreditXpert.
We understand many of you rely on CreditXpert to help you find your clients’ potential, and you may wish to continue using this tool. If you wish to upgrade to the New CreditXpert, please reach out to your CX contact. You have different upgrade options depending on the size of your team:
For originators with 20 or fewer mortgage professionals, upgrading is simple and can be done entirely online.
- Create a FREE account! No monthly commitments. Pay for plans as you go.
- After enrolling online, your credit data will be connected seamlessly within 3-5 business days (often sooner).
- To get started, either:
- Visit: https://creditxpert.com/upgrade/ , OR
- Call 800-500-8553. Press option 2 to speak with an upgrade specialist, OR
- Email upgrade@creditxpert.com to request information and discuss options.
For originators with more than 20 mortgage professionals:
- CreditXpert has a team of dedicated Upgrade Specialists who will assist you in transitioning to the new CreditXpert platform quickly.
- This option requires a monthly subscription; and provides enhanced support and engagement options to ensure your success.
- You may start the process online at: https://creditxpert.com/upgrade/.
- After submitting your request an Upgrade Specialist will reach out to assist you. OR
- Call 800-500-8553 and press option 2, OR
- Email upgrade@creditxpert.com
Two Agreements will be required for this new Model:
- CreditXpert will present you with a service agreement to execute before granting access to the new system. And, they offer a full vendor due diligence package for third-party service provider vetting purposes, too.
- Credit Information Systems also requires a processing agreement to allow delivery of your credit report information to CreditXpert so they can utilize it in their new credit optimization too. Please contact your Credit Information Systems account manager for more information.
If needed, your Credit Information Systems Account Manager and/or Support Team can provide you with the CX account rep’s contact information to move forward. Just send an email to Support@CreditInfoSystems.com. We’re Here to HELP!
We Are Pleased to Announce A New Efficient and Low-Cost Opportunity to Order IRS Tax Transcripts & Income Verifications
Credit Information Systems, the parent company of Accurate Financial Services, has a new business relationship with Halcyon that allows our clients to order TAX TRANSCRIPTS and IRS WAGE & INCOME VERIFICATIONS more efficiently and with fewer IRS turndowns than the current 4506C process. This will help you close loans faster for a fraction of the cost.
What does that mean for our clients?
Now that Accurate Financial Services and Credit Information Systems are Powered by Halcyon, the only authorized income verification solution with a GSE-accepted 8821 tool, our clients can get the tax data needed, how it’s needed.
• Faster Processing Times. Tax transcripts for loan origination are fulfilled 70% faster, are 100% accurate, & are offered for a fraction of the cost of traditional methods.
• Enhanced Accuracy. Leveraging modernized IRS 8821 forms and using a proprietary & direct connection with the IRS to retrieve accurate data with unparalleled precision, reduces the risk of errors and discrepancies with a less than 1% rejection rate.
• Fannie Mae’s Day 1 Certainty. Enjoy peace of mind with relief from representations & warranties on validated loan components.
• API, Web Portal or LOS/POS integration. Halcyon IRS VOI’s tech stack is API-driven providing quick and secure integrations with POS/LOS and 3rd party services, and can scale volume without limits while continuing to maintain high performance and low cost.
• Format: PDF & JSON.
• Get data mapped directly to your income calculator.
Plus, Halcyon has officially become an authorized tax transcript report supplier for Fannie Mae’s Desktop Underwriter® (DU®) Validation Service! Their integration with the DU® validation service allows us to offer seamless access to tax transcript reports, which are essential for verifying borrower information, quickly and accurately.
QUESTIONS? Schedule a Demo? Contact us TODAY – We’re Here to Help! support@accuratefs.com | 800-373-5333
THANK YOU FOR YOUR BUSINESS!
FHFA NEWS RELEASE (7/11/2024):
FHFA Announces Release of Historical VantageScore® Credit Score by the Enterprises
As your business partner, Accurate Financial Services (a subsidiary of Credit Information Systems) knows how credit reporting and lending risk mitigation solutions help YOU efficiently manage your business. And we are here to support YOU with personalized experiences, expert advice, industry updates and innovative solutions that go above & beyond your expectations.
To help YOU remain current on changes impacting your business, we wanted to share an announcement published today, July 11, 2024, from the Federal Housing Finance Agency (FHFA).
Fannie Mae and Freddie Mac (the Enterprises) are making historical VantageScore® 4.0 credit scores available to approved users to support the transition to updated credit score and credit report requirements.
This comprehensive release is associated with single-family loans purchased by the Enterprise from April 2013 through March 2023, reflecting the period for which trended consumer credit data is reliably available across the three nationwide consumer reporting agencies.
These scores will provide market participants with the ability to better analyze and understand the new credit score models that have been validated and approved for use by Enterprises. The historical credit scores are available for download at the Enterprises’ respective websites.
Click Here to link to the official News Release.
If you have any questions or need assistance, please contact your Account Manager at 800-373-5333.
THANK YOU FOR YOUR BUSINESS! We are here to support YOU as we continue to expand the breadth of products & services we offer, so YOU can better serve your customers and remain compliant.
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