LoanSense

Hearing borrower stories keeps us going! Alex received $150,000 in boosted home affordability from our lender partner. Understanding student loan options changes homeownership outcomes. Lenders are denying applicants like Alex who could actually qualify for a mortgage but both lenders and borrowers don't understand how adjusting student loans underwrite MORE loans!! Let us instantly give borrowers answers and adjust DTI in 21 days, within the closed loan cycle!! Come to a daily demo! Link in the comments. #nomeansnotrightnow #mortgage #purchasermarket Catalina Kaiyoorawongs MBA MA Jared Crenshaw Scott Russell Roman Puzhlyakov James Park

📰 I was recently contacted by a reporter about potential increases in student loan payments for married borrowers AND how it hurts people from saving for a down payment. The concern came after a statement from the Department of Education’s Undersecretary suggesting that married borrowers would no longer be able to file taxes separately to exclude their spouse’s income under income-driven repayment (IDR) plans. Here’s the clarification: ✅ Filing separately to exclude spousal income is protected under federal law through IDR plans passed by Congress—it cannot be removed through administrative action. ✅ The U.S. Department of Education has since corrected the earlier statement. Borrowers can continue to use the married-filing-separately option as outlined in the law. 💥 There’s also great news for public servants: ➡️ The Administration is not ending the Public Service Loan Forgiveness (PSLF) buyback provision. ➡️ Borrowers who are close to the 120 qualifying payments and had periods of ineligible or missed payments still have the opportunity to buy back that time and receive credit toward forgiveness. These are important updates for student loan borrowers that get them over the hump and done paying their loans. #StudentLoans #PSLF #IDR #LoanForgiveness #PublicService #LoanSense #FinancialRelief

Cat Kaiyoorawongs MBA MA and Kristin Messerli had a great conversation about the chaos in the student loan worK. Listen to the SHORT clip on what they have to say about the credit score and reporting issue. Thousands of borrowers are seeing their credit scores plummet — from 700+ to the 500s — because of misreported student loan payments.   Why? Servicer changes, outdated contact info, and transition issues are wreaking havoc on credit reports and mortgage approvals. The good news? LoanSense works directly with servicers to correct late payments and trade line issues. If your borrowers are experiencing these issues - let us a comment and we can provide you with resources to help. #StudentLoans #CreditScoreDrop #LoanServicing #MortgageApproval #LoanSense #StudentLoanHelp #CreditFix #HomeBuyingJourney

Join Kristin Messerli and our CEO Cat Kaiyoorawongs MBA MA for the latest update. She plans to give away a freebie too! Register today! It's only a couple days away.

📢 How Student Loan Credit Score Drops Are Impacting Your Ability to Lend Millions of borrowers are experiencing credit score drops of 60-100 points due to student loan servicer errors—directly affecting their mortgage eligibility. As a lender, you need to know how to navigate these challenges to qualify more borrowers and save deals. In our latest webinar, we covered: 🔹 Servicer delays (30-60 days) and how to work around them 🔹 Credit score drops from incorrectly reported closed accounts & how to verify forgiveness 🔹 Mohela tradeline duplicates and what underwriting needs to know 🔹 Income-driven repayment plans and how they lower DTI without creating a new tradeline 💡 Don't let student loan confusion cost you deals! 📖 Read the full breakdown

Our CEO will be hosting a webinar. Join us!

🔹 Credit Score Drops from Student Loan Delinquencies? We Can Help. 🔹 Missed student loan payments can drop credit scores by 60+ points, and many borrowers didn’t even realize they were overdue due to servicer changes and confusing notifications. The good news? These credit hits can be corrected—and LoanSense can help. 💡 If a borrower missed payments due to servicer errors or unclear due dates, LoanSense can help borrowers remove missed payments reported due to servicer mismanagement. LoanSense helps borrowers enroll in repayment plans that lower their monthly payments—often significantly lower than if they enrolled on their own. This means: ✅ Fix credit errors ✅ Lower debt-to-income (DTI) ratios ✅ More borrowers qualifying for homeownership For lenders, this means closing more loans and ensuring borrowers aren’t unfairly penalized by outdated underwriting formulas that inflate their student loan obligations. 🚀 Want to learn more? Read our latest written article on how missed student loan payments impact credit scores—and what borrowers and lenders can do about it. #StudentLoans #CreditScore #LoanSense #MortgageLending #HomeBuying #FinancialSuccess

📞 Endless Hold Times with Student Loan Servicers? There's a Better Way! ⏳ LoanSense customer service team has spent countless hours navigating the chaos of student loan servicer call centers. The wait times are staggering: Aidvantage: Average hold time of 30 minutes. MOHELA: 3 HOURS!! EdFinancial: Some borrowers have experienced hold times exceeding 9 hours. With recent layoffs at the U.S. Department of Education's student aid department, these delays are only getting worse. Why endure this frustration? 😩 At LoanSense, we eliminate the need for borrowers to spend hours on hold. Our streamlined process ensures you get the answers and documentation you need for mortgage closings without the wait. 🏡✨ Take control of your time and peace of mind. Contact LoanSense today and bypass the servicer chaos! 🚀 #StudentLoans #CustomerService #LoanSense #MortgageApproval #TimeSaver

🚨 Student Loan Forbearance Could Be Costing Borrowers Their Homes! 🏡💸 Many borrowers (and even lenders) assume there’s nothing that can be done when income-driven repayment plans aren’t available. That’s not true! ❌ Here’s what you need to know: ✅ Forbearance can delay loan forgiveness. ✅ No payments = mortgage approval challenges. ✅ Certain repayment plans can capitalize interest, increasing loan balances. The good news? There ARE solutions! 🎯 LoanSense helps loan officers navigate these challenges so more borrowers qualify for a home TODAY. 🚀 📅 Schedule a demo to see how we can help. Link in the comments. #MortgageLending #StudentLoans #LoanSense #Homeownership #LoanApproval #LenderSolutions

Our CEO Catalina sits down for a short segment with Laura J. Brandao 🌟 She summarizes what is happening in the student loan world and what lenders can do to help more borrowers qualify, despite the current forbearance.