- Format:Online Self-Paced
- Education Type:Professional Development
- Line of Authority:N/A
- Language:N/A
- Credit Hours:N/A
Description
Credit reports are one of the most essential tools used by a lender in the loan manufacturing process, as they provide valuable insight into a borrower’s financial history. How a borrower utilizes credit and how they repay their financial obligations help to create a risk profile to assist the lender in making an informed decision when determining whether to extend credit. This course is designed to provide students a basic foundation around what a credit report is and how it is utilized by lenders.
What You'll Learn
• Explain what a credit report is and its role in the origination process
• Understand how credit scores are derived
• Define key terms associated with credit reports and credit report review