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Special Reports
Branch Development
Carteret Teams With Market Kinetix
LOs have a tool to improve scores.
Carteret Mortgage here is offering Houston-based Market Kinetix's patent-pending
credit analysis software solution Deal Maker Score to its 300 nationwide branch locations.
Deal Maker Score shows borrowers how to efficiently raise their credit scores. This means for the originator, it
is able to do more and higher quality loans.
A mortgage originator simply downloads the borrower's credit findings to the product, and the program produces
a customized set of recommendations, which shows the borrower how to raise their credit score by the target number
of points designated by the loan officer. "It's a wonderful program," said Eric Weinstein, president
of Carteret Mortgage. "Now our loan officers can look at a borrower's credit score, see how to improve the
score and actually empower the borrower to elevate that score. For the borrower, that's great news. Higher scores
mean more program choices and possibly lower interest rates. "It's very natural for our loan officers to want
to help their clients. With Deal Maker, they can save a borrower from possible rejection due to a low score, which
satisfies their goals of helping the client while positively affecting their own financial situation as well."
Carteret said it had tested a number of products in this area including Deal Maker. Mr. Weinstein said, "Our
test group has been raving about it, saying that it's helped them and their customers a great deal. We're so pleased
with the results of our test group that we're rolling it out to the rest of the company nationwide."
A couple of Carteret branch managers commented about the program. Bill Albury, who runs a New York-based branch
office, said, "It provides clear, exact details regarding how my clients can raise their credit scores."
Added Rick Girone, a branch manager in the Philadelphia area, "Clients especially like the simplicity and
clarity."
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