Lender*VP Forms, a division of CU*Answers, completed the annual update for the ‘Price You Pay for Credit’ forms as part of the 18.12 CU*BASE® release. The graphs and scoring ranges have been updated with the 2018 FICO information received from the credit bureaus for each FICO model supported.
Lender*VP Forms offers two custom loan forms—consumer and real estate “Price You Pay for Credit” versions—to credit unions who use risk-based pricing to satisfy Reg V. With these forms, a “No Score” form will automatically print if a credit score is not available. Thanks to the cooperative resources of the network, these forms are available at prices well below market average.
Credit unions that are interested in using these forms or would like more information can go through the store or reach out to the Lender*VP Forms team.