What is your biggest challenge when presenting home buying information...
...and how did you overcome it?
I would be interested in finding out what your experiences have been. Hopefully by sharing these challenges we can strengthen each others and avoid similar pitfalls.
I would be interested in finding out what your experiences have been. Hopefully by sharing these challenges we can strengthen each others and avoid similar pitfalls.
Replies to This Discussion
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Permalink Reply by Jason Zavala on -
Understanding Credit: In so many ways it is an art form. Individualized to each consumer. And everyone knows something or knows someone who knows something - that is invariably very inaccurate. And with the majority of us subject to a FICO scoring application, which is a proprietary matrix/rubric of credit utilization characteristics, good credit can be an enigma.
Best things to aid a "basics" discussion is to use the credit education tab of the myfico.com website coupled with FCRA and FACTA documents from the FTC.gov website. It helps to build a better picture of what goes into creating a desirable score, how it impacts rates and affordability ratios in underwriting, and provides good insights into what rights we have as consumers when trying to get out of a hole. Aslo helps to quiet the "uncles" who know more than...
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Thanks Vince. At this time, I know non-profits do not have access to RD's loan origination software, UniFi. I'm not sure how much we've discussed the issues of access to CAIVRS in the 502 course.
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