Looking to save time and money while you build your business?
With credit reporting software, you can prequalify customers, save valuable resources, and land more qualified leads.
Soft Pull Solutions enables you to precisely determine your client's creditworthiness and eligibility using credit reporting software that can easily and quickly be pulled using our APIs. Data is cross-referenced across multiple parameters to filter false identities and fraudulent activity, ensuring your lending decisions are made with the most accurate information.
A soft pull, or soft credit check, is a way to pre-qualify applicants without impacting consumers' credit.
Soft pulls, unlike hard pulls, won't impact a customer's credit score because they aren't linked to a specific application for new credit.
One reason businesses use a soft pull credit check is to see if their customers qualify for specific types of loans or large purchases. This helps avoid multiple inquiries on consumers' credit reports. Pre-qualifying applicants with soft pulls helps save time and money while guiding the customer through the sales process with a better experience.
A soft pull helps brokers, lenders, and other businesses check consumer credit to understand creditworthiness and prequalify customers. Many companies will need to review liens, judgment data, and income information to verify employment during the financing approval process.
If you need a credit report on a business, we can help you with that, too. Simply give us a call to discuss your options. Usually, though, a soft pull is sufficient for most businesses.
What Can Soft Pull Solutions Do for You?
There are dozens of ways our software can help businesses grow, but here are just a few below.
With Soft Pull Solutions, you will be able to:
With our credit reporting software, you’ll have access to an online portal that can quickly and efficiently deliver an instant full-file credit report. Seeing the customer's credit information and FICO score helps you qualify customers on the spot. The online portal has several features guaranteed to give you the peace of mind you need to run your business while making critical lending decisions while saving your business money in the long term. This means:
Many businesses can benefit from credit reporting software. Privately owned credit reporting companies have a history of giving more concise and extensive credit history reports. They also provide a more comprehensive credit history, sharing data from five years back or further.
Privately owned reporting companies can collect data towards loans that gross above 1% per capita, extending the information needed to prequalify your customers for loans.
Soft Pull Solutions works with several industries, including:
There are countless advantages to utilizing our customizable software. With these additional services, you will have access to more information that can help you detect any red flags within a client's credit report.
Custom API can improve business productivity & revenue. With application programming interfaces (API), you will see a high return on investment (ROI) and an increase in your business's output and earnings. Although using APIs may seem daunting at first, integrating APIs can significantly enhance the efficiency of your business and the quality of service you provide to your customers.
In the past, conducting business required extensive use of paper documents and in-person meetings, which consumed valuable time and resources. The development of custom APIs has helped financial institutions accomplish even more in less time. Thanks to our modern APIs, gathering information from various sources simultaneously allows for more thorough and efficient analysis and decision-making, which allows businesses to increase productivity, save time and money, and grow faster.
The information you can gather from this report will help you find more information about your client's background, history, and financial state. It can also help you understand the risks involved in moving forward with clients more accurately. It allows you to see things like bank accounts, employment status, property, debt payment timelines, rental lengths, and other information that will give you confidence in making decisions regarding a customer.
This service allows you to gather information quickly and accurately about a customer's job history, the name of their employer, tenure status, and income. This information is essential when pre-approving someone for a loan.
This is an accurate and instant verification that utilizes a client's driver's license. It is instant, extremely accurate, and can help you detect any fraudulent activity, red flag alerts, and give you confidence in a client.
This service will allow you to become more organized. When dealing with these reports, it can be challenging to keep everything organized in a way that doesn't require sorting through excessive files. Our compliance dashboard increases organization. This service also sends out any adverse action letters for you, which lowers your labor costs, decreases the chances of human errors, and ultimately helps you streamline the process further.
Soft Pull Solutions is
Here to Help
Soft Pull Solutions is here to help with all your credit reporting needs. We want you to be able to move forward with the most qualified clients and make the best-informed decisions possible. The reports can be tailored to you and your business to better meet your needs. Call us today for an accurate understanding of your client's credit situation.