Section outline

    • Credit Report Analysis Strategy
      🗓️ Recorded: 9/2/2022
      ⏱️ Est. Time: 56 mins
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      Understanding Credit Reports and Credit Scores

      Discover how credit data is collected, what really drives a FICO® score, and how to spot the details that matter for mortgage lending. Whether you’re helping clients or building your own financial know-how, you’ll learn to analyze credit reports, interpret scoring models, and guide borrowers toward better credit outcomes. *For Non-Traditional Credit or Credit Trends, please reference Desktop Underwriter Training. 

      What this session covers:

       
      Explain the structure and purpose of credit reports, including key categories and tradeline details.
       
      Identify the major credit bureaus and understand their roles in credit reporting. 
       
      Review and analyze credit reports for accuracy, completeness, and compliance. 
       
      Understand the basics of credit scoring (including FICO® and VantageScore models) and what does and doesn't impact it.