We can show you a revenue positive method to cash in on good loans in a way that should make even your compliance personnel comfortable. It doesn’t make sense to keep paying for advertising that continues to bring in applicants, knowing 70% of them will not qualify. Even if you wanted to, prior to now, there hadn’t been a way to legitimately convert these applications into good loan candidates.
Hello, my name is Ellen Cooper. I was a loan originator for over 20 years. I was a mortgage broker and owned my own company during the mortgage meltdown. It forced me to learn everything I could about credit and all the loan rules pertaining to credit. I spoke with a lot of underwriters and MI companies to understand it. I read every guideline book I could find pertaining to credit. What I found, was I love working with credit even more than I loved to originate loans. I have recently placed my originators license into an inactive status to pursue my passion.
My passion is credit and financial coaching. There is a big need for quality credit and financial education. As a former lender, I understand the importance of a credit report having integrity. I know it should be a true reflection of how a person utilizes credit; how they pay their bills. I do not, nor have I ever, endorsed credit repair. I understand the reps and warrants a lender must sign, saying they will not manipulate credit scores. That isn’t what we do.
So how can I confidently say 72% of the borrowers we work with are eligible to start their loan in an average of 48 days? Because that is our track record. No credit score manipulation, no tricks or gimmicks.
In the lending business, we have looked at those struggling with credit as if the situation they are in is their fault. Sometimes it is. Sometimes that isn’t the case. Here at The Credit Department we realize that someone with a past, regardless of whose fault it is, deserves a future. If your borrower is tired of living on the bad- credit train and is willing to work towards good credit, we will help them to legitimately achieve their goals.
Most are surprised at how quickly a few small changes in their credit usage will improve their credit scores. How, over time, using credit wisely will help them move past a lifestyle of derogatory credit. Our goal isn’t to bring another “loan” to your books, but rather to give your borrowers the tools to become good borrowers who know how credit should be utilized. Good borrowers that are prepared for the responsibility of home ownership.
We find most people would rather move past poor credit, but don’t’ have a clue how to get back on track. Helping them understand how to do so creates a loyal customer with repeat business for years to come. We have found when your focus becomes what is best for the borrower, a great return naturally follows.
Call or email us today to get started.