For Immediate Release:
For more information contact:
Credit-Aid Software: (310) 390-4140
NEW “CREDIT-AID” Software for Mortgage Brokers
PROVIDES CRITICAL TOOLS TO HELP More Qualify For Loans
CREDIT-AID PRO PLATINUM FOR MORTGAGE BROKERS
IMPROVES POTENTIAL BORROWER’S OPTIONS IN THE COLLAPSE
OF THE SUBPRIME LOAN MARKET
Los Angeles, CA (April 4, 2007) – New Credit-Aid Credit Repair Software for Mortgage Brokers (Credit-Aid Pro Platinum Software) was launched today as the newest product from the award-winning Los Angeles company Credit-Aid (aka: The Credit Doctor). Designed with mortgage brokers and loan officers in mind, the Credit-Aid software provides a simple, cutting-edge system that will save mortgage brokers hundreds of hours of time by automating the process of improving credit scores and thereby helping qualify clients for a wider array of loan products.
Daniel Rosen, the founder of Credit-Aid, calls Credit-Aid Pro Platinum software, “the single, most important software for mortgage brokers who work with borrowers with less then absolutely perfect credit.”
Michael Jaffa, a Los Angeles transactional attorney and litigator, worked with Rosen over a two-year period to develop the Credit-Aid software. “This program comes at a time when there is no other program servicing mortgage brokers and loan professionals’ needs. Our research has shown that most potential buyers are three to twelve months away from being ready for loan approval or refinancing due to outstanding issues on their credit report.
“Many potential borrowers have been hurt by the recent turmoil in the sub-prime market. Lenders are tightening standards and demanding larger down payments. Mid-tier borrowers are being pushed into “Alt-A” loans where they could be considered prime borrowers if their credit scores were just a few points higher. To get clients the best loan possible, loan officers used to spend hundreds of hours cleaning up credit reports. Now, Credit-Aid Pro Platinum completely automates this process and is the most user-friendly and powerful program on the market to date.”
The software enables fast access to clients’ credit reports. When negative items or inaccuracies are found, it automatically generates personalized letters written by a business attorney demanding the appropriate action be taken. With studies showing that as many as 79% of all credit reports contain errors that can lower a persons credit score, the good news is that most can be removed when properly called to the attention of the credit bureaus. This software will allow those in the loan business to process more loans and close deals faster.
“Our software is a fresh approach to solving the Loan Broker’s dilemma,” states Rosen. “It is designed to help those people walking in the door who need a loan but whose choices are limited to expensive high-risk products or who are completely shut out by negative credit issues and a low credit score. Credit-Aid Pro Platinum can resolve problems faster by addressing inaccuracies, requesting items be removed, and updating potential borrowers’ credit reports to reflect the latest information with just a few clicks of the mouse.”
Designed to store data on up to one hundred (100) users, the new software comes with an instant mortgage loan calculator, a debt ratio calculator, the ability to perform simple bookkeeping functions, a database designed to track letters and a built-in reminder to mortgage brokers when it’s time to check up on their clients.
Created as stand-alone software, it protects sensitive client information by encrypting these files. The software does not use the Internet to transmit information, providing additional security to guarded information. Credit Aid runs on Windows Vista and Windows XP systems.
Rosen started designing the software for mortgage brokers when the loans industry in California began to hit a slump. Says Rosen, “Mortgage brokers contacted us, after using our consumer product and specifically asked for this product. We are dedicated to serving this market and will continue to develop new products to serve the financial marketplace.” 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 offering mortgage brokers free co-branding and an unlimited supply of his free booklet “Boost Your FICO Score in 7 Easy Steps: Tricks of the Trade the Pro’s Use to Rapidly Boost Your Credit Score.” Mortgage brokers will also receive a free “Identity Theft Rescue Kit” featuring a set of tools to fight the growing threat of identity theft and an unconditional, 30-day guarantee when they purchase the new software. Credit Aid Pro Platinum is priced at $499.99, 75% lower than its only competition.
For more information or for a free demo, go to: www.creditdoctorsoftware or read Rosen’s online bog at: www.the-bad-credit-blog.com.