New Jersey Mortgage Late CE Online Courses 

The importance of a prospective borrower’s credit score should not be underestimated. One of the most useful devices to complete a thorough and successful analysis is to keep in mind the three Cs of credit: capacity, character, and capital. The mortgage loan originator’s challenge is to understand each applicant’s financial situation and, with these three criteria in mind, find the most suitable product. This course will guide participants through a review of credit basics, including the Fair Credit Reporting Act (FCRA) and FACT Act, the components of credit scoring and reporting, unique situations that warrant nontraditional credit evaluation, and more.