Pre-Approve Applicants with Pre-Approval Plus – Our Soft Credit Pulls

Reduce Your Out-of-Pocket Expenses for Mortgage Pre-Approval

If applicant credit scores are causing you to have high fallout rates, before you invest in a tri-merge credit report, better manage your upfront costs and pre-approve your applicants prior to having them complete a full application.

Pre-Approval Plus, our soft credit pulls, won’t impact your applicants’ credit scores. In fact, it can be a helpful tool for lowering their risk of being rejected for a mortgage. A firm offer of credit is not required because the applicant initiates the mortgage pre-approval process, and there is no guarantee of approval.

Lenders Benefit By:

  • Minimizing fallout risk
  • Reducing costs as the fee is less than a tri-merge credit report
  • Utilizing Credit Plus’ technology which records the applicant’s consent so if you are audited, you will have the proper documentation
  • The soft credit pull will not activate a trigger lead on the applicant

Already have the proper consumer consent technology in place? You can still enjoy the benefits of using Credit Plus’ Pre-Approval Plus!

Pre-Approval Plus Benefits:

  • Compliant with permissible purpose requirements
  • Can be completed in seconds – online, during inbound or outbound calls or during a face-to-face meeting
  • Offers basic decisioning technology – allows you to set up a score threshold so you can match applicants with programs that might meet their credit profile before they apply
  • Provides notification – emails or text messages can be sent to the loan officer when applicant is pre-qualified
  • Does not activate a trigger lead

This tool is part of our CloseCAPTURE product suite, designed to help lenders reduce costs and close more loans. Learn more.

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Close Capture

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LeadsFINDER Plus

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Much more than just credit…we’re Credit Plus

Call us at 800.258.3488 or click here to request more information.

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