It tells lenders if their borrowers are good candidates for the loan program and if given to Realtors at offer presentation, we feel much more confident that a buyer can truly close on a loan to buy our Sellers home.
Nice news is that the latest DU release is allowing the use of Trended Credit Data now.
This is the mini-skinny on it:
So, sounds like it's a good idea to make larger than just the minimum payments on your Credit Cards people! Happy to report that the DU is creating a more human-like experience.