Credit Bureau integration allows both Back office users and Customers request for a credit check. The type of check (soft pull or hard pull) and the moment when the check is performed depend on the account settings
There is a number of Credit Bureaus integration with which is supported in the Standard Turnkey Lender application. Additional integration can be added upon the Client request.
How to Enable and Set Up the Credit Bureau Integration
...
In the Settings → Integrations, enable the “Credit bureau” switcher.
The list of fields required for each of the credit bureau service providers depends on the specific provider as defined on there websites and described or referred to in the corresponding sections for corresponding countries.
| Anchor | ||||
|---|---|---|---|---|
|
For each Credit Bureau Provider, you can enable/disable the “Automatic Hard pull” flag.
...
Automatic Soft pull on/off | Automatic Hard pull on/off | Behavior |
|---|---|---|
ON | ON | As soon as the customer has applied for the loan, the Soft pull is performed. Before the disbursement, the Hard pull is performed Hard pull can be requested manually by a Back-office user at any point before the disbursement |
ON | OFF | As soon as the customer has applied for the loan, the Soft pull is performed. Hard pull can be requested manually by a Back-office user Hard pull can be requested manually by a Back-office user at any point before the disbursement |
OFF | ON | As soon as the customer has applied for the loan, the Hard pull is performed. Hard pull can be requested manually by a Back-office user at any point before the disbursement |
OFF | OFF | Hard pull can be requested manually by a Back-office user at any point before the disbursement |
...