HO107b Understanding Credit ScoringMost lenders utilize credit scoring as a tool to help evaluate the credit risk of borrowers. This is certainly the case with many mortgage lenders. Credit scores aid lenders in predicting how creditworthy a borrower is or how likely they are to repay the debt. Many lenders also incorporate risk based pricing into their credit decisions based upon the credit score. Homeownership educators and counselors must fully understand how credit scoring works if they are to help clients with credit challenges improve their financial statusCourse length: 1 Days Tuition: $ 220 Course counts toward a professional certificate: No |
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