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2A.DIY Credit: Short Term


Short term credit help is defined as 1 to 6 months of help before the client’s credit is acceptable for the best mortgage they qualify for. 

MLO DIY is most often short-term credit help. 

  • When Inaccurate Credit Exists on the Credit Report, Use Five Fannie Mae Codes in Desktop Originator/Underwriter to Submit Correctly

    When Innacurate credit Exists, Use 5 FNMA Fixes

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Using CreditXpert

1. Credit Score Simulation & Improvement

CreditXpert analyzes credit data and simulates different actions—like paying down balances or removing inaccuracies—to show how those changes could impact the borrower’s credit score.


CreditXpert provides actionable, time-sensitive plans (e.g., “Pay down this credit card by $500 to increase your score by 15 points”).


This allows borrowers to make targeted moves before their credit is re-pulled, often in just a few days or weeks.


By addressing credit issues early and clearly, delays due to credit concerns can be avoided.


CreditXpert is available to MLO’s either through a subscription or through your credit reporting agency.

Using Meridian Link

Meridian Link shows is part of the credit report if your credit reporting agency includes it. This platform breaks out each of the 3 credit bureaus, (Experian, Trans Union and Equifax) for each creditor enabling the viewer to pinpoint which credit bureau may be providing negative or no information on each creditor tradeline.


Click here to enter article and see where Meridian Link is found on credit report and how it breaks out credit bureaus for each creditor. Check with your credit reporting agencyto find out if Meridian Link is included.

When Innacurate Credit Exists on the Credit Report, Use 5 FNMA Codes in Desktop Originator

There are correction codes that can be used for short sales disclised as a FCL and other erroneous credit. Click here for more details.

Credit Review for Clients with Student Loans

Click here to find out 7 Things to review for clients that have student loans that may have delinquencies or are in default. 

Avoid Rapid Rescores -Run Loans through AUS Upfront!

If there is any question about a clients credit, MLOs should run the client xml file through the Fannie Mae and/or Freddie Mac automated underwriting system (AUS) before giving the client the go-ahead to start looking for a home. Both AUS systems can pick up credit that may not be visible on the face of a credit report. It's expensive and nerve-wracking dealing with a credit issue where detail isn't apparent on credit, especially during a contract timeframe. Remember, you the MLO, must pay for the Rapid Rescore.

How to Check Disputes

Click here to see how to check on Disputes with CreditXpert when brought up in Fannie Mae and Freddie Mac AUS findings.

Navigating the World of Owner-Occupied ADUs for Loan Officers

As a loan officer, it is important to have a good understanding of owner-occupied Accessory Dwelling Units (ADUs) to properly advise and assist your clients. Here are some key points to consider:

Definition: An owner-occupied ADU is a secondary dwelling unit on a single-family residential property that is occupied by the homeowner.


Purpose: ADUs are becoming increasingly popular as a way for homeowners to generate additional income or provide housing for aging parents, adult children, or renters.


Zoning and regulations: ADUs are subject to local zoning and building regulations, so it's important to check the rules and regulations in your area to determine what is allowed and what isn't.

Financing: Depending on the specific rules and regulations of your area, it may be possible to obtain a separate loan for the construction or renovation of an ADU. In some cases, the ADU may be considered part of the primary property and included in the mortgage for the primary residence.


Rental income: If the ADU is being used as a rental property, the rental income can be used to help qualify the borrower for a loan or refinance, as long as it is stable and likely to continue.


Appraisal: The value of an ADU can affect the overall value of the property, so it's important to consider this when assessing the property for a loan or refinance.


Insurance: It's also important to consider the insurance implications of an ADU, as the homeowner may need to obtain additional insurance coverage to protect both the primary residence and the ADU.

Overall, as a loan officer, it's important to be knowledgeable about owner-occupied ADUs and the regulations surrounding them to provide the best advice and assistance to your clients. For more information, reach out to Clients2Homeowners today!

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