Credit provider, Platinum Credit, goes beyond the “Mark”
July 15, 2008
Posted by Howard in Best Practices, Point of Sale, Technology.
Tags: Credit Assure, Credit Report, Platinum Credit Services
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Don’t let the name fool you. Platinum Credit Services is much more than that. With its new line of screening services and the recent announcement of its seamless integration with LendingArt’s Free Eligibility and Pay-As-You-go Best Execution pricing system, PCS is leading the charge to ensure loan officers have the tools to close more mortgage loans while helping consumers improve their credit scores.
  
With the new integration, each Platinum credit report now features a Free Eligibility Link which automatically and seamlessly transfers the credit score information into LendingArt’s secure online eligibility’s system. Users can then obtain up-to-date loan eligibility information in real-time, streamlining the loan discovery process.
   
Platinum Credit also features an enhanced service to its members that can help improve a borrower’s credit score. With “Credit Assure Score”, the system recommends changes the borrower can legitimately make that will positively increase the scoring on the credit report. The Credit Assure Score is passed to the LendingArt system and allows the originator to view the eligibility and pricing results based on the original score or based on the “Credit Assure” results. This is a very exciting new service. As a borrower’s FICO Scores improve and then seamlessly run through LendingArt, originators are provided with an increased number of potential loan options that will improve the likelihood of winning the opportunity and increase profits at the same time.
   
With the integration between Platinum Credit’s scoring tools and LendingArt’s Eligibility and Pricing technology engine, the mortgage industry has another “killer app” that loan originators are looking for to increase their productivity and ultimately provide the most appropriate products and services to the consumer