Ep #15: Sam Parker My Credit Guy

Geoff interviews Sam Parker about how credit restoration works, why most LOs distrust it, and how a legitimate company like MyCreditGuy can put 1-2 extra closings per month back into a loan officer's pipeline. Best for LOs who currently write off low-credit borrowers with no follow-up plan.

Takeaways you can run this week

• Go to mycreditguy.com, click 'Client File Submission,' and submit your next 3 declined-credit files for a free review — Sam's team responds within minutes with a specific game plan, timeline, and cost estimate.
• When a realtor partner loses a deal to low credit, call them that same day and say: 'Did you know I work with a credit restoration company that gets most clients back to closing in 2-3 months? Let me submit your buyer for a free review.' Use this as a differentiator with agents who've been burned by lenders who just said no.
• Email Sam at mycreditguy.com to request a white-labeled credit restoration slideshow or a custom recorded video you can use at your next lunch-and-learn — he'll produce it with your audience in mind if you give one week's notice.
• Add a credit restoration resource to your pre-qualification process: when a borrower's score is too low, instead of ending the conversation, say 'We have a resource that helps people in exactly your situation — it's called MyCreditGuy. They do a free review and most clients are ready to close in 2-4 months.'
• Warn referral partners about the two red flags that identify shady credit repair companies: (1) charging money upfront before services are rendered — illegal under CROA — and (2) guaranteeing removal of accurate, non-outdated items. Use this to position why your endorsed company is different.
• Set up a lender credit at closing to reimburse borrowers for their MyCreditGuy fees (Sam confirmed other LOs do this) — market this as a full-service commitment to getting buyers across the finish line, not just cherry-picking easy files.

The playbook

1. 1. Submit declined borrower's info via mycreditguy.com client file submission (no contract required)
2. 2. Receive free review within minutes — includes what can be improved, how long it will take, and estimated cost
3. 3. Decide whether to connect Sam's team directly with the borrower (provide borrower's phone number and a warm intro)
4. 4. Sam's team enrolls borrower, LO gets portal access to monitor progress in real time
5. 5. Billing begins day 30: $399 individual / $699 couple, drops to $89/$109 per month after that
6. 6. Typical timeline: 2-4 months to closing-ready; Sam's team notifies LO when it's time to re-pull credit

Worth quoting

“There's no sense — what looks worse for a lender is to not be able to get those tough deals done than to try and maybe have to try again.”

“Just get us to be part of your process rather than feeling like you're doing something extra and you'll be very happy with the results.”

Best for

LOs who regularly decline borrowers for credit and have no structured follow-up system to bring them back to closing.