Impact of Recent Reporting Trends on the Credit Score
In the face of monumental challenges due to the ever-changing novel coronavirus crisis, mortgage lenders are operating in a new world. They must continue to guide borrowers in qualifying for the best loan while navigating recent developments, such as changes in credit requirements, the new CARES Act and unusual credit reporting requirements, among many others.
Participants will learn about changes to credit scoring requirements and credit data reporting associated with accounts impacted by the pandemic. Join MBA Education and industry experts as they explain the effect forbearance and other recent reporting trends have on the credit score and describe how specific credit management actions can generate score improvement while remaining fully compliant. Finally, the presenters will describe how scoring simulation technology can yield invaluable insights for success, now and in the future.