Alternative For Credit Invisible Borrowers Finds Success

Alternative For Credit Invisible Borrowers Finds Success

By KIMBERLEY HAAS A case study by FormFree highlights how one of the nation’s largest independent mortgage lenders is serving the credit invisible. Leaders at FormFree estimate that millions of adults in the United States are credit invisible or credit unscorable. That makes it difficult for these potential homeowners to qualify for a mortgage. Manual…

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Beyond FICO: Predicting The Ability To Pay A Mortgage

By KIMBERLEY HAAS Building credit is important for people who want to move into homeownership but some industry leaders are working to show lenders that there are alternatives to the traditional FICO score. A recent survey conducted on behalf of the technology company FormFree shows that of the respondents, 40% said that insufficient credit scores…

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