Contact a Qualified Loan Officer (800) 718-8906

Unconventional Mortgages | A Wealth of Information - Resource and Service: (800) 718-8906`

Search

Credit Rescore Services and Rapid Rescore

Denied a mortgage due to a low credit score? Rapid rescore can quickly improve your credit, helping you qualify for conventional or non-qualified mortgage (non-QM) options.

Rapid rescoring updates your credit profile by addressing errors or recent positive changes. It’s a proven strategy to achieve mortgage readiness faster.

Why Rapid Rescore

The objective is to increase the primary wage-earners credit scores and in effect qualify for better or more suitable loan programs and lower interest rates.

What is a Rapid Rescore

Rapid rescore is a process that allows borrowers to quickly improve their credit score by providing documentation of positive account changes, such as paying down revolving debt, to the three major credit bureaus. Loan pricing is then adjusted based on the updated credit score. The objective is to increase the primary wage-earners credit scores and in effect qualify for better or more suitable loan programs and lower interest rates.

What If Simulator

The bureaus will verify and update the account post verification via the documents you provide. Here are the steps: Initially, we will analyze your credit report for any potential improvements through both our manual review and automated credit score simulation software. We then determine how much of an increase to your credit score including what actions need to occur to bring the process to fruition. We do not charge you for this service. This is not credit repair and we are not a credit repair company. Once these actions have been taken and with a signed Authorization to Release Information form from you, we will contact your credit card or finance company and request a balance letter or other account documentation. We can also accept a screenshot from you of your online account summary. After we get everything together, we then take the final step which is to submit the documentation to our credit vendor who works directly with the credit bureaus to update the accounts. When the updates are complete, we are given notification to where we can then without putting an additional inquiry reprocess your credit report.
This entire process can take as little as 2-3 business days after receipt of the appropriate creditor documentation. Since the corrected credit is usually higher, more applicants can qualify for the best loan products at the best pricing. This is the quickest way to improve your credit score. Based on differences within each credit report, often what works best is paying down credit card account balances to reduce your percentage of credit utilization but not limited to that solely depending on the number of open accounts.

Credit Score Tools

Consult a Credit Score Specialist

Alternative Income Documentation