L2C Touts New Mortgage Credit Score

L2C, an Atlanta-based credit scoring company specializing in helping lenders reach the "underbanked" market, has announced the release of a new version of its Link2Credit Score customized for the mortgage industry.The mortgage-specific score was launched to provide a more accurate risk assessment tool for evaluating underbanked applicants, the company said. "In the wake of the subprime meltdown in the mortgage space, lenders are reluctant to extend loans to consumers with thin credit, even though many of these prospects are actually low-risk," said Mike Mondelli, president of L2C. "By using our mortgage-specific version of Link2Credit to identify these low-risk consumers, mortgage lenders are finding a new, relatively untapped market that can boost profitability without incurring the risk posed by subprime borrowers." The company can be found online at http://www.l2cinc.com.