SOURCE: Credit-Aid

April 10, 2007 12:46 ET

New "Credit-Aid" Software for Mortgage Brokers Helps Loan Officers Close More Loans

LOS ANGELES, CA -- (MARKET WIRE) -- April 10, 2007 -- Credit-Aid Credit Repair Software, an award-winning software company, today released Credit-Aid Credit Repair Software for Mortgage Brokers (aka: "Pro Platinum"). Developed over a two-year period at the request of mortgage brokers, new software automates the process of removing negative items on clients' credit reports.

Daniel Rosen, Credit-Aid's founder, calls the new software, "the single, most important tool for loan professionals who work with borrowers with less then perfect credit."

Michael Jaffa, the transactional attorney who co-wrote the Credit-Aid software, notes, "This program comes at a time when there are no other programs servicing mortgage brokers and loan professionals' needs. Our research shows that most potential buyers are 3 - 12 months away from loan approval or refinancing due to outstanding issues on their credit report with up to 79% of all credit reports containing errors that can lower a person's credit score. The good news is, most can be removed when properly called to the attention of the credit bureaus. This software allows loan professionals to process more loans and close deals faster."

Borrowers have been hurt by the recent turmoil in the sub-prime market. Lenders are tightening their standards: pushing mid-tier borrowers into "Alt-A" loans; they could be considered prime borrowers if their credit scores were just a few points higher.

With Credit-Aid Pro Platinum, more loans will be possible for these borrowed. When negative items or inaccuracies are found, it automatically generates personalized action letters demanding the credit bureaus take the appropriate action. It is by far the most user-friendly and powerful program on the market to repair credit reports.

"Our software is a fresh approach to solving the Loan Broker's dilemma," states Rosen. "Designed to store data on up to one hundred users, the software comes with a mortgage loan calculator, a debt ratio calculator, the ability to perform simple bookkeeping functions, reminders, and other important tools."

Security-wise, it protects sensitive client information through encryption, storing them on the user's computer rather than online. Credit-Aid runs on Windows Vista and Windows XP systems.

As the developer of the award-winning credit repair software for consumers, Rosen has won accolades from the high tech industry and is a twice-featured speaker at the "PC Magazine Awards for Excellence" at Comdex.

To enhance the attributes of the new software, Rosen is now offering mortgage brokers the free, co-branded booklet, "Boost Your FICO Score in 7 Easy Steps." Mortgage brokers will also receive an "Identity Theft Rescue Kit" featuring a set of tools to fight the growing threat of identity theft.

For more information or for a free demo, visit: www.creditdoctorsoftware.com.

Contact Information

  • For more information contact:
    Daniel Rosen
    President
    Email Contact

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