Credit Data Solutions Launches Credit Data PreQual Tool
SAN DIEGO (PRWEB) November 27, 2017 -- Credit Data Solutions, the industry leader with more than 90 years as a full service credit reporting agency, announced their newest offering, Credit Data PreQual, a new tool that uses just the consumer’s name and address to pull a single-bureau credit report and FICO score using soft inquiry to move quickly through the prequalification process. It is designed to target the millennial generation who does a majority of their research and work online instead of face-to-face. The end goal is to convert instantly-prequalified consumers into full loan applications. “This is an innovative tool for our customers to convert tech savvy consumers into borrowers with a few clicks. It’s a real time prequalification that does not impact the credit score because it is a soft inquiry pull.” said Eric Christensen, Managing Director with Credit Data Solutions.
Credit Data PreQual is a simple-to-use smart web page that is private label friendly customized to the lender’s brand and name. When used by consumers, it orders a single bureau prequalification credit report and FICO Score and instantly notifies the lender via text message and/or email that results are ready. With the prequal credit report, the lender can trigger automatic follow up to maximize their lending opportunities. The returned credit report cannot be used as an application for credit and the lender will need to order a full hard-inquiry credit report when the borrower is ready to move forward with their application. This tool increases qualified leads, reduces application fallout rate for lenders and turns consumers into borrowers faster.
About Credit Data Solutions
Credit Data Solutions is an industry leader providing tri-merge credit reports from Equifax, Experian, and TransUnion, rounding out the service list with prequalification credit reports with FICO scores (soft inquiry), QC credit reports (soft inquiry), flood zone determinations, SSA-89s, and AVMs. As the premier end to end provider, Credit Data Solutions continues to offer VOE, VOD, 4506-T tax transcripts, CreditXpert® What-If Simulator™, Credit Assure™, RiskView™ Liens & Judgments Report, Fannie Mae Day 1 Certainty™ - The Work Number®, and AccountChek™.
Credit Data Solutions operates three entities working together that include Service 1st Information Systems, Statewide Credit, and Credit Bureau of San Diego (CBOSD). Credit Data Solutions is a people-centric company founded on the principles of customer-first relationships. PEOPLE. SERVICE. SOLUTIONS.
Eric Christensen, Credit Data Solutions, http://www.creditdatasolutions.com, +1 (949) 207-6028, [email protected]
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