Loan Conversion Resources 


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Loan Conversion Resources •Scenario Builder Customization •Credit NOW Repair Engine Services Loan Conversion Resources
The importance of accurately placing borrowers into the right loan has never been spotlighted more than right now. With tightening credit and limited products, the need for conversion tools to assist in qualifying for products and rates has become critical.
With the Scenario Builder, and Credit NOW tools integrated into Loan NOW, organizations are able to increase the likelihood of closing each loan and provide the borrower with the right loan. Scenario Builder Customization Scenario Builder works to pre-qualify prospective borrowers in seconds, without the need to pull credit. Loan NOW offers organizations customization of their lenders’ for the Scenario Builder decision process. This gives the Agent a chance to see what loan products are available to the customer within seconds. All that is needed is a credit score number to run the decision program. There is no per instance charge to running the Scenario Builder tool, so multiple numbers can be run to see the effect on product availability and rates. Another conversion tool designed to further assist in the ability to service the customer is the Credit NOW Repair Engine. Credit NOW Repair Engine Services The Credit NOW Repair Engine together with Scenario Builder maximizes the potential for loans to be closed at the best possible rate for the customer, increasing their likelihood of being satisfied with the loan process. Customer retention and increased margins are two of the obvious benefits to running these conversion tools in tandem. Credit NOW offers a free preview for access to the overview to find out if there is a benefit to taking actions documented in the full report. The full report is $30 per loan file and provides all the needed information to achieve incremental credit score improvements and line item details. Loan NOW integrates both tools into each solution. Access to these conversion tools can be customized to enable rights to only those capable of running the reports. |