News
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Advantage Credit Inc. Hires New Customer Service Representatives
- November 27, 2012
- Posted by: Joel Firestone (G-Net Consulting)
- Category: Press Releases
No CommentsWe continue to earn the business of so many long term customers and take great pride in providing our clients with personnel that are the most knowledgeable in the industry, with an attitude of dedication and professionalism that is reflected in our Old Fashioned Customer Service approach. With the continued increase in business, we are
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FinCen’s AML and SAR Requirements for Non-Bank Lenders
- May 1, 2012
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
What is it? The Financial Crimes Enforcement Network (FinCen), a Bureau of the Department of the Treasury, recently published final rules regarding the requirements for Residential Mortgage Lenders and Originators (RMLO) to establish a Customer Identification Program (CIP) anti money laundering program (AML) and file suspicious activity reports (SAR) under the Bank Secrecy Act (BSA).
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Prevent Your Credit Information from Being Offered to Companies by Opting-Out
- March 30, 2012
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
You apply for a mortgage. The next day you receive a call from another mortgage lender and you wonder how they knew you were applying for a mortgage. When you apply for a loan, the mortgage lender will pull your credit report. This will trigger an inquiry on your personal credit file. One or more
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New Advantage Credit Inc. Team Members!
- March 1, 2012
- Posted by: Joel Firestone (G-Net Consulting)
- Category: Press Releases
Advantage Credit Inc. is proud and excited to announce our new employees that have joined the Advantage Credit Inc. family. Cheryl Shufelt, Customer Service Manager, joined Advantage Credit in January, 2012. Prior to working at Advantage Credit, she has worked in the Banking and Mortgage industries for over 20 years where her roles included management,
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Good News for Unemployed Borrowers!
- January 25, 2012
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
Fannie Mae and Freddie Mac announced they are modifying their forbearance policy to include unemployed borrowers as of Feb. 1, 2012. Current statistics show that 10% of the current delinquencies on FNMA and FMAC loans are due to unemployment so this policy change could help thousands of borrowers who are currently unemployed and struggling to
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Blueberry Systems and Advantage Credit Partner to Streamline Mortgage Loan Originations
- January 24, 2012
- Posted by: Joel Firestone (G-Net Consulting)
- Category: Press Releases
-Seamless access to innovative credit reporting tools available to RELAY users- Evergreen, Colo., Jan. 23, 2012 – Blueberry Systems, LLC, a provider of advanced technology solutions to the mortgage and financial services industries, announced a strategic partnership with leading mortgage credit reporting company, Advantage Credit Inc. Through the partnership, Advantage Credit customers will now have
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Advantage Credit Inc. Joins Forces with First Line Data
- January 9, 2012
- Posted by: Joel Firestone (G-Net Consulting)
- Category: Press Releases
Advantage Credit Inc. announces strategic partnership with First Line Data to offer mortgage lenders bundled services for both TPO and borrower risk assessment. Leading mortgage credit reporting company, Advantage Credit Inc., has announced a strategic partnership with business analytics provider and fraud prevention company, First Line Data. Together the companies will be able to offer
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Authorized User Accounts – Not All Bad…Not All Good…
- September 26, 2011
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
Historically, adding a family member as an authorized user to an existing credit card with good credit history was a great way to help or improve the family member’s credit. This much utilized (sometimes over-utilized) practice can improve an authorized user’s credit, but it may not help the family member secure a mortgage loan. Some
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Just What the Doctor Ordered…
- June 22, 2011
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
UPDATE: This bill has been re-introduced to the House of Representatives in June 2011 for approval that will exclude paid medical charge offs and collections from the credit report.According to statistics 41% of American households have carried some kind of medical debt since 2007. Once that medical debt hits your credit report it can wreak
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IRS to Give Tax Lien Holders a Break!
- April 11, 2011
- Posted by: Joel Firestone (G-Net Consulting)
- Category: News
Until recently a tax lien, paid or unpaid, could haunt your credit report for a long time.Depending on what state you live in, a paid tax lien could stay on your credit report for 7-10 years and an unpaid lien could stay on indefinitely. In February 2011, the IRS announced a plan to give consumers