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Upload file, dispute file (codes change regularly make sure disputing
with correct code),
add trade lines if possible. Example: utility bills,
phone bills and new trade lines. Print off the auto populated data
furnisher letters if applicable. Mail the disputes to the bureaus with
online
USPS system. Acquire documents from borrower via
barcode fax: ID,
Social Security Card. Additional items only if applicable: BK paperwork-
Chapter 7,11,12,13 sch.F, and discharge. Deferment such as student loans,
copy of original deferment from lender and police report for ID theft.
The system pulls in all information needed to dispute properly and
accurately with the full account numbers, codes, balances, and original
date of activity. The questionnaire built in the engine to dispute each
trade line is the unique part of
Creditxp.
To clean up credit report, remove access accounts from report and give
underwriters better perspective of credit file. Underwriters are more
likely to fund the clean report without pages of duplicate and charge offs
compared to one with only the charge off.
If a borrower cannot obtain a loan, or would like to increase score to
get a better interest rate you
create an account in Creditxp. (you can
charge borrower what you would like for your services) There is a one
time $99.00 charge per file for each upload into Creditxp system. There
are no extra charges you can redispute file as many times as you need.
Complete the disputes, send out and track the progress of your files in
your network page. It takes per file about ten minutes.
Yes, that is included in the set up fee of $995.00 It takes one hour
for training and it is done by a Webinar up to 10 people per class at your
computer. The times are set on Tuesday and Thursday one at 10:00 a.m.
central time and another one at 2:00 p.m. central time every week. Go to;
http://www.creditxp.com/t-Webinar.aspx RSVP for a class after you have
paid the set-up fee. Conference Direct Link;
http://www.infiniteconferencing.com/Events/creditxp/?schedid=2206033
How many times can we dispute a file?
The files needs to be disputed three times. The system is designed to
go in 45 days each cycle. When the file status counts down to 0 days left
in your pipeline that is when you would redispute your file and send it to
the bureaus again and even a third time. Once cycles are complete
then you have verified everything and file is complete. This is up to you
if you want to work redisputes into your original fee to the borrowers
since you are disputing the files yourself.
Debtxp is available to negotiate
payoff of verified accounts.
Yes, that is included in the cost of $99.00 per upload. The
Barcode Fax
generated fax cover page is what
makes it convenient for you to have everything under that one file to
process the loan. Have your customers, realtors, escrow officers and
processors use it to fax condition for the file. Fax in sales contract,
surveys, HUD1, W-2's, pay-stubs, VOR's, VOE's ect.... Everything saved as a PDF so
the compliance issue is resolved for falsifying any documentation. Login
and view from any internet access with your secure login.
Endless, you have a huge advantage to keep all of your contacts and
files paperless and at your finger tips within one
system. Once they have
closed on this loan after the credit clean up you might want to get a hold
of them 2 years down the road and you can with this system and have
everything in the system to process a refinance on the loan.
Yes, You can track the progress of prospects, status of existing
clients, determine when files will need to be contacted, download
Skype VOIP for free internet phone service to make calls from your pipeline.
View qualifying loans with in the
Lendersxp loan
AUS matrix and
guidelines.
are the main providers
that are used for direct upload. Why these reports and not others? They
have the best data to auto populate information for the DF Letters and
Source Codes. Resulting in better dispute outcome.
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