add $67,000 of additional revenue

How you can add $67,000 of additional fee income

to your business!!!

www.CMSconsultants.net

How many applicants have you declined in the last 30 days because their credit score

was too low?

How much time have these clients taken from you?

How much money do you make per application that you take?


What if there was a way to get their file off your desk, save you time and then have a large percentage of them return to you

with FICO scores high enough to qualify?

Good News…..There is!!!



A Little bit about Dan…

•Spent 7 years in the lending business

•Certified Credit Scoring Expert

•Testifies as an Expert Witness for Lawsuits involving credit

•Author, Revealed….The Truth About Credit


Why is CMS different…

• Rapid Rescore

• Credit Simulators

• Credit Repair


CMS vs. Rapid RescoreDocumentation

•The credit bureaus require proper documentation from each creditor before they will make ANY change to the credit file.

•Documentation must specifically state what the creditor is agreeing to change about the account.

•Documentation from the creditor must identify the trade name as it appears from each repository.


CMS vs. Rapid Rescore

Removing of Late Payments

•If a late payment needs to be removed then the letter must state to remove the late payment



Updating a Balance If the balance needs to be updated, the letter must state what the new balance should be according to their records.To update balances on revolving accounts documentation must be a recent statement or a letter from the creditor.The documentation must not be older than 2 weeks.



Deleting a Tradeline If the trade line needs to be deleted then the letter must state to delete the trade line or remove the trade line from the credit report, the letter also has to state the reason why it is to be deleted



Rapid Rescore is simply a tool that we will ask you to utilize from time to time, but is no where close to what we do.


CMS vs. Credit Simulators

Credit Simulators are a service that most likely you can access through your Tri-merge company…

Lets take a look at what these reports look like.


CMS vs. Credit SimulatorsPotential improvements found in your Experian report.

Potential score change: These actions could raise your credit score by 34 points.Cash needed for these actions: $2,310

Disposable cash: $7,500.Cash needed for these actions: $2,310. This is in addition to your monthly payments, and was estimated based on the balances as they were last reported in your credit file.The estimated score change is based on doing all the actions in the order shown.

1. Reducing the average usage (the sum of balances divided by the sum of credit limits) on your revolving accounts. You can do this by paying down the balance on an existing account.Action: Paying down the balance to $100 on your HSBC BANK account (#0237341057), and updating the balance through rapid rescoring.

Score impact: +34



•Payment historyYou paid 50% of your accounts on time (as of the last time each account was reported). Note that derogatory accounts that have been paid off do not count as being paid on time. Lost, stolen, transferred, or sold accounts may be excluded from this factor.

•Credit usageOn average, you are using 96% of the credit limit on your revolving accounts. This only includes accounts for which the credit limit or highest balance is reported. This is because if the credit limit is not reported, your highest balance is used instead. Lost, stolen, transferred, or sold accounts may be excluded from this factor.

•Collection accounts and public records Your most recent collection account or negative public record is 7 months old.

CreditXpert Credit Scores T" are provided to help users better understand how lenders evaluate consumer credit reports. Lenders may use a different score to evaluate a person's creditworthiness. Therefore, nothing in CreditXpert products is an endorsement or a

determination of a person's qualification for a loan, a change in loan terms or any other extension of credit by lenders. Each lender has specific underwriting standards, so a person should not assume that he or she will receive the same evaluation, credit terms or conditions

from each lender. Also, CreditXpert Inc. is not connected in any way to Fair Isaac Corporation; the CreditXpert Credit Score is not a so-called FICOO score. CreditXpert Inc, does not represent that CreditXpert Credit Scores are identical or similar to any specific credit scores produced by any other company. Moreover, score changes predicted by CreditXpert products are only estimates. CreditXpert Inc. does not guarantee that credit scores from any

other company will change by the same number of points, if at all.



Not based on FICO scores

Only knows what it sees on the report

Only deals with Utilization Mainly




CMS vs. Credit RepairMonthly Fees vs. a set price

Typical client is with “credit repair” for 18 to 24 months

If you think about it, who does this structure benefit?

What is the incentive to work hard? Or Fast?


CMS vs. Credit RepairWhat they work on…

Payment History 35% of the score

Some give education, but it is usually incorrect information


CMS vs. Credit Repair

Payment HistoryUtilizationAge of CreditMix of CreditInquiries



“Credit Repair” usually has no warranty, but a quit when you want to type system….

CMS has a 100% performance based money back warranty!!!



“Credit Repair” usually has no update process for the client or you….

CMS has 24/7 login access to your clients files!!!


CMSHave refunded the clients money one time…

Average 50 to 60 point improvement in 60 to 90 days, work on all three bureaus


$67,000 Case StudyJulie Jensen, Cornerstone Mortgage Senior LO

Refers all clients that are unable to qualify to CMS, all she has to do after that is sit back and wait. This part of her business is on auto-pilot!!!


$67,000 Case StudyLets look at the numbers…

Sent 43 clients to CMS…

Successfully has closed 29 of them, that is a 67% close ratio on DECLINED files!!!

Some of those started super low, lost jobs, used someone else, etc…


$67,000 Case StudyLets look at the numbers…

29 loans with average loan amount of $150,000 priced at 1.55%

= $67,425 EXTRA fee income


$67,000 Case Study“We had tried a few “credit repair” companies before and had terrible results. After using them we vowed to never refer our clients to one of those companies again, not only because the results weren’t there, but the system is not created in the clients best interest. Luckily for our clients and us we found CMS. Now every time we have a borrower that has credit scores that aren’t high enough to qualify we immediately get CMS involved and then just wait. It is great to know that they will be taken care of by professionals that actually know what they are doing when it comes to educating our clients on their FICO scores. This has turned into its own pillar of our business, instead of declining clients because of their credit and having most of them never return, we just refer them and wait till they come back and we can close their loan for them.”


Special offer for attending…


Special offer for attending…

Book will b e selling for $59.95, you can have a copy for FREE…AND I will allow you to offer this to anyone you want with your own PROMO CODE!!!!

Go to www.expertcreditrepair.net to get your free copy, use promo code webinar.

To get your own code for your clients email me and I will assign you one.

add $67,000 of additional revenue

Real Estate