TOWSON, MD – CreditXpert Inc., a credit analysis and management solutions provider, today launched a powerful tool for finding inaccuracies in credit files and acting on them.
CreditXpert Detective™ scans an individual’s credit data to reveal potential inaccuracies and recommend specific updates that will most significantly improve the person’s credit score. It also automatically generates customized instructions and dispute letters. Using the tool’s recommendations and guidance, users can uncover their true credit scores.
“CreditXpert Detective is a major breakthrough because it creates new options for lenders and consumers alike,” says David G. Chung, Interim President and Vice President of Business Development, CreditXpert Inc. “It helps consumers find potential updates and determine whether they are worth pursuing. It also enables loan officers to best serve consumers by checking every single applicant’s credit to see if any errors or omissions are holding down that person’s credit score. With CreditXpert Detective, we are helping lenders increase approvals and accepted offers while helping consumers get loans and save money.”
By putting expert knowledge and analytical intelligence at the fingertips of loan officers and consumers, CreditXpert Detective saves time and improves success rates. Identifying inaccurate, outdated, or missing information and determining the correct value is complicated and time consuming. CreditXpert Detective not only automates and simplifies this process, it reveals items that are routinely missed. With as many as two-thirds of credit reports having outdated or inaccurate information, loan officers estimate that CreditXpert Detective will save three hours per application by automating a manual process. By eliminating human conjecture, lenders expect to increase approval rates and close more loans.
“CreditXpert Detective helps loan officers serve as trusted advisors, build stronger relationships, and turn more prospects into customers,” says Chung. “And, it helps consumers protect their credit by identifying and focusing on the updates that matter and by translating expert knowledge into easy-to-use instructions.”
CreditXpert Detective will be available through CreditXpert Inc.’s extensive network of distributors in the mortgage lending and consumer credit information industries. For more information, visit www.creditxpert.com.
About CreditXpert Inc.
CreditXpert Inc. provides highly personalized credit management tools to help lenders more effectively originate loans and manage customer relationships, and to help consumers understand, manage, and improve their credit and the credit decision process. Based on an advanced hybrid of artificial intelligence, statistical techniques and analytical methods, CreditXpert® provides the most accurate predictions and the greatest explanatory power available today.
