First American CREDCO Partners With CreditXpert

CreditXpert Inc., a developer of credit management and optimization solutions, today announced its partnership with First American CREDCO, the leading provider of merged credit reports to the mortgage and consumer finance industries and part of First Advantage Corporation . First American CREDCO’s mortgage origination customers now have access to CreditXpert What-If Simulator(TM), CreditXpert Essentials(TM) and CreditXpert Detective(TM) – software solutions designed to maximize consumer credit ratings.

"In a challenging mortgage environment, mortgage originators need to capture every opportunity," said David Chung, managing director of CreditXpert. "Providing accurate information to help applicants improve their credit can help First American CREDCO customers close more loans, build stronger relationships and build customer loyalty."

The partnership represents a strategic move for CreditXpert to advance its reach into the mortgage market. Its credit optimization and simulation services can empower up to 30 percent of declined applicants to gain approval and up to 50 percent of applicants to earn a better rate. CreditXpert also streamlines processes by automatically handling credit scoring issues without diverting applicants from the loan approval process.

"We are pleased to add the analytical solutions of CreditXpert as part of our extensive credit information solutions to the mortgage industry," said Kathy Manzione, president of First American CREDCO. "The CreditXpert offering enhances our ongoing commitment to help our customers build their business and provide the best possible service to consumers."

The CreditXpert(R) product suite is available via First American CREDCO’s online delivery platforms. Its proprietary software engine incorporates advanced methodologies for increased flexibility and accuracy, offering improved simulations and recommendations, faster processing time and more navigational controls for easier, more intuitive use.