[sheikdetailfeather]

A Mortgage Broker on Rapid Credit Rescores for Subprime Loans

http://www.rushlimbaugh.com/daily/2011/12/07/a_mortgage_broker_on_rapid_credit_rescores_for_subprime_loans

[Elle Bee]

One of the things that made Rapid Rescore all the more insidious was its effect on the loan rate and broker compensation

I have seen more than one brokerage use rapid rescore to qualify the unqualified for a mortgage than give the grateful borrower a rate several points higher than that for which they would qualify after the Rapid Rescore, thereby taking those several points (1% of the total loan) on the back end for the broker

.