Tag Archives: credit report

Credit Reporting Companies Rank at Top of CFPB Consumer Complaints

Of the five most-complained-about companies, three of them are credit reporting companies By Jeff Sorg, OnlineEd Blog OnlineEd (August 26, 2015). – The Consumer Financial Protection Bureau (CFPB) released its monthly consumer complaints snapshot. The top three companies that received the most complaints from March through May 2015 were Equifax, Experian, and Bank of America. Of the five […]

The 3 Cs of Loan Underwriting Approval

(Jeff Sorg, OnlineEd) – When making a residential real estate loan application, qualifying ratios are only the beginning of the approval process. The “Three Cs” of loan underwriting approval are: Credit – the credit history of the applicant; Capacity – the income and ability to service the desired loan debt; and Collateral – the value […]