4. Advantage Credit Training
Section outline
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Students mustMark as done
Advantage Credit System Training
The video provides training on how to use the Advantage Credit system for managing and updating credit reports, primarily focusing on tools and procedures for credit rescoring and verification of employment (VOE) ordering. Participants will gain insights into:
Key Insights:
Adding/Swapping Applicants Learn the process for adding a co-borrower/spouse and swapping the primary and co-borrower roles on a credit report.Splitting Joint Reports Review the steps to unmerge a joint credit report to create separate reports for each borrower.Swapping Applicants (Web View) See the required steps to change the primary and co-borrower order using the "swap applicants" button in the web view.VOE Ordering Learn how to request Verification of Employment (VOE) through Equifax, Experian, or a manual process.Supplement Ordering Review the two methods for ordering a supplement (cosmetic fix) for one or multiple trade lines on a credit report.FICO Score Mortgage Simulator Understand how to order and use the FICO simulator to see the potential score impact of changes like paying down balances.Score Navigator Learn how to order and utilize the Money and Target simulators to receive specific recommendations for credit improvement.Smart Score Simulator See a demonstration of the Smart Score simulator, which allows manual scenario testing for score impact.Rescore Express Ordering Learn the final process for requesting a rescore to formally update credit information at the bureau level.Rescore Documentation & Guidelines Receive critical information on what documentation is required, what cannot be used, and general rescore policies.
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