Lenders require a credit report to make an informed lending decision. It takes them months to evaluate and grant or deny a loan request after they request a credit report. The entire process is expensive, time-consuming, and error-prone. The main disadvantage of manually obtaining a credit report is the inability to obtain a real-time consumer credit report. The manual credit decision process may not always result in the appropriate credit amount. This could result from human error, incorrect data entry, or even a lack of information.
Credit Checker comes into the picture when it comes to accurate and real-time data. The app is developed by Cloud Maven, Inc., a Salesforce-certified ISV partner and the recipient of the 2021 Salesforce Partner Innovation Award. The app automates the credit reporting and decision-making process. Using any Salesforce object, it allows lenders to pull instant consumer credit reports from Experian, Equifax, and Transunion. It solves significant lender issues like obtaining single/joint credit reports, supports dual/tri-merge reports, and allows you to retrieve multiple credit reports at once.
Unlike most credit reporting apps, Credit Checker only requires the applicant's name to pull a credit report. It also allows for soft/hard inquiries without using an SSN/SIN.
The app's setup and installation take only 20 minutes. It retrieves credit reports in less than ten seconds, whereas most apps take several minutes. The application is simple to use and does not necessitate any coding knowledge. It allows simple and scalable Salesforce integration as an API form.
The app is available on Salesforce AppExchange for a 30-day free trial.
To request a live demo or a 30-day free trial, please contact at info@cloudmaveninc.com
