SUNRISE, FL / ACCESSWIRE / July 10, 2018 / Beta Music Group, Inc. (OTC PINK: BEMG), through its operating subsidiary Get Credit Healthy, an award-winning platform that transforms currently untapped markets into a well-qualified, well-informed applicant pool that desires and more importantly, qualifies for the financial products offered by financial institutions, announced today that Elizabeth Karwowski, CEO has had two articles recently published in industry leading publications.
The first article was published in Tomorrow's Mortgage Executive titled, Lenders: Are You Unwittingly Violating The Consumer Credit Protection Act?. The Consumer Credit Protection Act. No doubt you've heard of it but, unless you're a consumer protection lawyer or a masochist, you've probably never sat down and read it. Sure, everyone knows that law prevents ''evil corporations'' from taking advantage of consumers, but did you know that it also might penalize you or your company for trying to help your potential clients?
That's right; you can be sued by the CFPB for providing assistance to your potential clients. This may seem counter-intuitive, but the way the law is written, if you or anyone in your institution attempts to help clients clear up some blemishes or inaccuracies on their credit reports with the goal of qualifying them for one of your financial products, you can be sued under a sub-part of the Consumer Credit Protection Act commonly referred to as The Credit Repair Organizations Act.
To read the full article go to: http://www.progressinlending.com/TME0418/TME0418ComplianceFeature.pdf.
The second article was published in Today's Lending Insights titled, Be A Hero, Recapture Your Potential Borrower Leads. It goes without saying that lenders in today's housing market face a much more burdensome task than their predecessors of just ten years ago. The financial crisis of 2008 forever changed the face of the American economy. The federal government enacted stringent regulations, which were designed to protect and prevent consumers without sufficient means from assuming ''overly-burdensome'' financial obligations.
The recession also prompted many lenders and banks to re-evaluate their own general lending practices and qualification parameters, making it much more difficult for those consumers with less than stellar credit to obtain a mortgage. Implementing those barriers was necessary in some cases. In many others, consumers who would otherwise qualify for a mortgage are denied every day, irrespective of their actual ability to pay back those loans, because credit scores are now weighed so heavily.
To read the full article go to: http://progressinlending.com/2018/04/12/be-a-hero-recapture-your-potential-borrower-leads/.
"It is humbling to see leading industry publications take notice of the solutions we have developed that create new loan opportunities for lenders where we are able to partner consumers with non-profits to get the help and education that they need for their financial well being," said Elizabeth Karwowski, newly appointed CEO of BEMG and of Get Credit Healthy.
BEMG, through its operating subsidiary Get Credit Healthy, utilizes its proprietary processes, platform, and software to integrate with lenders to make it easier to recapture leads. Developed for and by those with extensive experience in the mortgage industry, Get Credit Healthy's platform has already facilitated over $200 million in new loan closings for its partners.
Get Credit Healthy has showed sustained growth over the past three years and shows no signs of slowing down. Get Credit Healthy is working to increase its network of partners, and is looking forward to a vey promising future. Please visit the company website at www.getcredithealthy.com.
About Progress In Lending Association
The PROGRESS in Lending Association was formed to provide thought leadership to lending professionals about how to create process efficiencies through a combination of sound business strategies and technology. The ideas that come out of this association will help lenders provide a more trusted and transparent process for both consumers and investors leading to a better overall experience for all parties involved.
Safe Harbor Statement
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
For information, please contact:
Elizabeth Karwowski, CEO
Beta Music Group, Inc.
8411 West Oakland Park Blvd.
Sunrise, FL 33351
SOURCE: Beta Music Group, Inc.