Software to pull credit reports

Credit Checker is the most well-known Salesforce native tool that automates the credit reporting workflow. It is developed by Cloud Maven, Inc., a Salesforce-certified ISV Partner and the recipient of the 2021 Salesforce Partner Innovation Award. To determine whether a potential borrower is likely to be able to make payments on the loan, housing finance companies look at a consumer’s credit report. This helps the lender determine the individual’s creditworthiness or ability and likelihood of paying back the loan. Not only does this help the lender better understand the borrower and their financial situation, but it also allows them to minimize risk and make informed decisions. The system assesses various aspects of an individual’s financial history, including their payment history, debt-to-income ratio, employment status, and credit score. This data is then used to determine whether or not a loan should be approved or denied. While choosing an automated credit reporting tool, home loan providers typically look for an accurate, reliable, and efficient tool

Credit Checker is an easy-to-use tool that assists housing finance companies in automating the credit reporting process. It eliminates the need for human intervention, saving time and costs. Businesses can quickly obtain Experian, Equifax, and TransUnion reports to learn more about the applicant in real-time and request dual/tri-merge reports, Hard/Soft pull inquiry reports (without SSN/SIN) from any Salesforce object. Experian-Precise ID, OFAC reports, employment information, driving license, LnJ data, and credit histories can be used to assess an applicant’s creditworthiness and ensure that all regulatory requirements are met. It also gives instant access to FICO and Vantage scores. Users can easily interpret and monitor the reports using the fully customizable dashboard. They can also sort profiles using the dashboard based on the applicant’s credit score, the debt amount, name, employment status, or other credit information. The app enables simple and scalable Salesforce integration in your workflow as a credit bureau connection API form. This app is available on Salesforce AppExchange for a free 30-day trial. Send an email to info@cloudmaveninc.com for any queries. Follow Cloud Maven, Inc. on LinkedIn, Twitter, and YouTube to learn more.