CISCO Credit is excited to announce a strategic partnership with ScoreNavigator, a trusted name in credit analysis products and tools. This collaboration will introduce ScoreNavigator’s Mortgage Action Plan (MAP) to CISCO Credit’s network of lenders, giving clients the tools to maximize their borrower’s credit profiles and streamline the mortgage approval process.
ScoreNavigator’s unique Point Deduction Technology® offers a new way of analyzing credit reports. By assigning precise point values to both positive and negative credit report items, it provides borrowers with clear insights into how specific factors affect their credit scores. The Mortgage Action Plan delivers tailored strategies to help lenders guide their clients through the credit optimization process, resulting in faster loan approvals, more favorable mortgage rates, and an overall smoother path to homeownership.
Key Features of the Mortgage Action Plan
ScoreNavigator includes:
– Customized Credit Insights: Offers detailed analysis and highlights areas for credit optimization to help borrowers strengthen their mortgage eligibility.
– Action-Oriented Plans: Lenders can provide clients with a clear, step-by-step roadmap to enhance creditworthiness and qualify for competitive mortgage products.
– Target Score Simulator: Borrowers can set a desired target score goal and run the Target Score Simulator to receive specific recommendations on how to achieve it. The simulator provides detailed guidance on actions such as paying off debts or adjusting credit usage and even offers the best date to have their credit pulled after completing those steps to maximize results.
– Long-Term Credit Tools: Beyond credit management, MAP offers solutions for maintaining a healthy credit profile post-home purchase, ensuring long-term financial stability.
Benefits to Lenders
Users partnering with CISCO Credit will benefit from:
– Higher Mortgage Approval Rates: The structured approach of MAP helps borrowers address credit challenges and elevate their chances of mortgage approval.
– Streamlined Loan Approvals: ScoreNavigator’s Point Deduction Technology® enables borrowers to optimize their credit faster, leading to quicker loan processing.
– Stronger Loan Portfolios: Lenders will see more borrowers qualifying for favorable rates, enhancing the overall quality of their loan portfolios.
A spokesperson from CISCO Credit stated, “We’re thrilled to bring ScoreNavigator’s Mortgage Action Plan to our lenders. This partnership aligns with our goal of offering innovative tools that enhance the mortgage process, benefiting both lenders and borrowers.”
Ryan Bresse, Vice President of Business Development commented, “Our collaboration with CISCO Credit allows us to extend the benefits of the Mortgage Action Plan to more lenders and borrowers. The clarity and actionable strategies it provides make the homebuying journey more efficient and accessible.”
About CISCO Credit
CISCO Credit specializes in delivering cutting-edge financial services and solutions to the financial sector. With a focus on improving the lending process, CISCO Credit offers services such as document management, loan modification, and regulatory compliance, all designed to support better outcomes for lenders and borrowers.
For more information, visit: www.ciscocredit.com
About ScoreNavigator
ScoreNavigator provides advanced credit management tools to help individuals and lenders navigate credit complexities. Their proprietary Point Deduction Technology® and Mortgage Action Plan equip users with personalized strategies to improve credit profiles, leading to better mortgage rates and terms.
For more information, visit: www.scorenavigator.com
Contact Information:
CISCO Credit
support@ciscocredit.com
800-804-0043