Want to know the truth about how to boost your FICO scores? Or do you want to find out to get a mortgage after you’ve been through financial challenges like a short sale, foreclosure or bankruptcy? Then you won’t want to miss Talk Credit Radio on Friday April 15th, 2011.
Host Gerri Detweiler will interview Tom Quinn, a credit scoring expert who spent the last 15 years at FICO. He’ll demystify credit scores and separate fact from fiction. She’ll also talk with Joe Kelly, president of ArcLoan.com, about what it takes to get a mortgage if you’ve had credit problems in the past.
Segment One: How to Get A Mortgage After Credit Challenges with Joe Kelly
Millions of Americans have been through financial difficulties over the past several years, yet would like to take advantage of low home prices and very low mortgage rates. Can you qualify for a mortgage if your credit report lists a bankruptcy, foreclosure, or short sale? What if your credit is strong but your spouse or partner’s isn’t? Gerri Detweiler will talk with Joe Kelly about the nitty gritty of getting a mortgage today.
Joe Kelly is the creator of a unique mortgage management program, ArcLoan® (Automatic Rate Cut Loan), that has been featured in national publications such as Money, Time, Kiplingerʼs Personal Finance, The Wall Street Journal, and the Washington Post. A mortgage expert and innovator, he ranked among the top 1% of loan officers in the United States from 1991 to 1996.
Currently, he runs a division of Access National Mortgage in Reston, Virginia, with a talented and experienced team of loan officers bringing cutting edge mortgage programs and education to the general public and real estate community nationwide. Visit www.ArcLoan.com and www.YouCanRefi.com to learn more.
Segment Two: Credit Scores—Fact or Fiction? with Tom Quinn
On average, American’s FICO scores dropped last year. Yet lenders are often targeting borrowers with higher credit scores in the past. Before you take action, make sure you understand what really works—and what doesn’t—when it comes to FICO scores.
Tom Quinn is a member of the Credit.com expert team. He brings to this role more than 20 years of experience with some of the biggest players in the world of credit, including FICO (Fair Isaac), Experian (formerly CCN/MDS), and Citibank.
Most notably, Quinn spent the last 15 years at FICO—inventors of the industry standard FICO scores—where much of his initial focus was on creating and delivering scoring and credit-related educational initiatives at a time when the public was just getting exposed to the concept of credit scores. He was later appointed to develop, launch and grow myFICO.com, FICO’s consumer-driven initiative to provide people with direct access to their FICO scores. In 2003, Tom was promoted to Vice President and managed the product, delivery, regulatory and client support functions for the Global Scoring Solutions division for FICO. He is a recognized authority on the inner working of credit scoring models and how consumer credit is used.
Do you have questions about FICO scores, or about getting a mortgage even if your credit isn’t perfect? Share them here or on Facebook.
Talk Credit Radio is streamed live from 2-3 PM Eastern Time (11-12 Pacific Time) on Fridays. Recordings of each program will soon be available at Credit.com.
If you missed the show, listen to the podcast(s) here:
The Truth About FICO Scores »
Get A Mortgage Even With Damaged Credit »