Help People and Fill your Pipeline! You have a buyer that walks in, they have a 599 FICO Score. Don’t panic, put them in your pipeline! A buyer calls, and they have a 578 FICO Score. Don’t worry, put them in your pipeline! You get a referral from a preferred agent who just showed a house she listed to an applicant and they have a 602 score. Don’t Worry! Put them in your pipeline. You know as a loan officer you have experienced each of these cases. You may not be able to help your agent make that applicant their next buyer right now, but we can help you get their FICO score to 640. Send your applicant back with a pre-qualification letter in hand and ready to close. Why fill up your pipeline like this? Because what comes out the other end of your pipeline! A 640 FICO Score and we all know what that means! MORE COMMISSIONS AND REFERRALS 599 478 FICO FICO 602 FICO New 640 FICO Broker’s Best Contract Loan Processing’s FICO Improvement Value Added Service is offered exclusively to Mortgage Broker’s and their borrowers to help rebuild your clients FICO Score. We can roll in the total cost for this service at closing as a seller concession, buyer closing cost or a lender credit. That’s right!!! No large up-front cost for your borrowers and no more sending them to an unknown credit repair service. Once we have your client’s FICO score at or above 640 we’ll work with you and your Agent to help structure the transaction. Additionally, BBCLP will assist so that seller concessions, buyer closing or lender credits can be applied in a manner that benefits the borrower, seller, agent and you!! Then package your loan application for your lender, clear all conditions, ordered doc’s, and schedule the closing!! People are not a number. But they live with three very important numbers. You now have a unique opportunity to improve them. No more having to send them to a credit repair service who may or may not accomplish the goal of a 640 FICO Score. Your applicant now stays with you during the process!! Talk to your customer about their credit situation: Offer a solution!! A mortgage closing date that other Loan Officer’s can’t offer. FICO Improvement to 640. Include your clients FICO Improvement fee as part of the mortgage transaction. Pass the cost of credit repair on to the seller at closing. Low out of pocket up front expense. No additional cost if loan doesn’t close. Piece of mind knowing your with them through the whole process. score you ask? Maxed out cards -10 to -30 pts 30 day late payment -60 to -80 pts Debt Settlement -45 to -65 pts Foreclosure -80 to -105 pts Bankruptcy -130 to -150 pts BBCLP works with your clients to dispute any discrepancies on their credit report Before we can start, we need A signed 1003 and LOS electronic file An Initial Fee Worksheet, GFE and TIL Current lender rate sheet and intended loan program An Authorization to Release Copy of your client’s Drivers License Copy of your client’s Social Security Card Proof of Address Initial FICO Improvement fee 30% of score = credit accounts Broker’s Best Contract Loan Processing has a credit program where your client’s can get a new credit line up to $5000 to help boost their credit score! We work with your clients to help them understand how reducing their credit balances or getting their credit limits raised increases their credit score Raise Credit Limits Lower Balances Questions Most Clients Ask: How much does it cost? To start will require an initial enrollment fee of $250 for individuals or $500 for joint repair. All FICO Improvement fees can be credited back to your clients at closing as a seller concession, borrower’s closing cost or lender credits. How does it work? Broker’s Best Contract Loan Processing reviews your client credit report, challenges everything that may be negatively affecting their score thru relentless, vigorous legal challenges. We also work with the Loan Officers and Real Estate Agents as partners to help structure the transaction so your clients can close. How long does it take? Average customer sees 80 to 100 point increases in as little as 90 to 120 days. Why Broker’s Best Contract Loan Processing? BBCLP helps Loan Officer’s increase their loan closings by providing exceptional Loan Processing and FICO Improvement. BBCLP can provide FICO Improvement and pass the cost on to the seller. Your clients have nothing to loss and everything to gain when you use our Loan Processing and FICO Improvement services. We charge a small up-front fee to offset the cost to improve your clients FICO score We don’t charge any addition fees until your loan closes. We have 80 years of combines experience servicing the Mortgage Industry. Dedicated Customer Service Benefits For You the Loan Officer We review your client’s credit file and help you structure the loan transaction to make hard to originate loans close. We have proven techniques to boost your clients FICO score 80 to 100 pts We have the industry’s lowest out of pocket cost. We can pass the cost of the FICO Improvement as a seller concession, buyer closing cost or a lender credit. Loans you had to turn down due to low FICO scores can now be brought back to life and you don’t have to turn down applications tomorrow. We keep you in the center of the transaction. No longer do you have to refer your client to some unknown credit repair service and hope to hear back from them. More Realtor and Applicant Referrals. Larger Commissions. Offer your borrowers a value added service Why get started with Broker’s Best Contract Loan Processing? Because you had, have or about to schedule a loan application with the exact type of borrower we are experienced and committed to helping. Ready to Get Started? Our FICO Improvement and Contract Loan Processing are easy value added services you need! Contact us at (214) 295-8573.
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