The PreQual Process

Pre-Qualification

Pre-Qual

A prequalification report is a soft inquiry, consumer consent-based score only or full credit report product designed for clients (internet lead generators, brokers, marketing agencies and lenders) who want to provide consumers with insight on products for which they may qualify, without requiring them to go through a formal credit application process.

Benefits

  • Report does not affect the borrowers credit score
  • One bureau pull
  • Reduces pre-qualification cost

Pre-Qualification
Addendum

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