You can configure your existing credit bureau with CreditRaptor in 5 minutes. Enter the configuration details shared by your credit bureaus in the configuration tab. Check out this demo.
Our credit reporting tool can be connected to all three major credit bureaus Equifax, Experian, and Transunion, directly and via third-party API providers. You can connect to these credit reporting agencies with your existing API credentials. If you don't have a credential, our team can set one up for you.
Organizations use soft credit inquiry and hard credit inquiry at different levels as per the lead’s status. By using CreditRaptor’s credit reporting tool, you can do both soft credit checks and hard credit checks. You can also store the complete credit data associated with soft and credit check within salesforce.
The credit report obtained will also be stored in PDF format and attached to the particular salesforce record.
All data points from the reports are parsed through and stored at a granular level in salesforce. Data points of the entire credit report like address, liabilities, payments, collections, employments, tradelines, inquiries, and moreare stored in Salesforce custom fields.
Based on the credit report data, you can create business logics and business process flows that automate the qualification process of a lead based on predefined criteria. You can write business flows to assign the lead to a particular salesperson or pre-approve loans, fix interest rates, etc.
When there is more than one applicant for a loan or purchase, then it is important to do a credit check on all the applicants filled in. With CreditRaptor, you can do a joint credit report in a single click.
The credit report given by the top three credit bureaus, Equifax, Experian, and Transunion, can be merged into a single report. This provides a complete picture of the consumer's risk profile.
Users can do a credit check on a batch of records by selecting the group of records in salesforce. With batch processing, you can fetch credit reports for more than 1,000 records with a single click.
CreditRaptor supports credit inquiries for multiple credit bureaus. You can select as many credit bureaus as you want from the top three credit bureaus. The credit reporting tool can be configured with direct bureaus or with any third-party API providers.
You can also set a time limit between fetching two credit reports for the same record. This ensures that when moving across processes, or when multiple agents handle the same account, your team does not accidentally trigger the credit inquiry multiple times.
You can set CreditRaptor to automatically fetch a credit score as soon as a record is added to salesforce or is moved from one object to another.
Get to know about the leads who are covered under the Military Lending Act and ensure your terms and regulations comply with the act.
Credit bureaus have adopted new measures to ensure compliance with OFAC regulations. If there is a potential match, the credit bureaus may place a "red flag" or alert on the report. CreditRaptor can alert you when such matches are found.
CreditRaptor comes with powerful dashboards that group and display the records by credit score range, flags for OFAC, flags for MLA act, and any mismatch of data found.
CreditRaptor provides users with the option to fetch credit reports at periodic intervals so that your team knows the status of your prospects and customers. The current credit score of a person can help the team upsell and cross-sell other products, or help the collections team make critical decisions.
Yes you need to have an account with the credit bureaus to connect the API's and fetch records.
Dont worry if you dont have an account, we can set up one for you.
You can install the app for free in Sandbox mode. If you still need a free trial to evaluate please contact firstname.lastname@example.org
Currently we support for United States only.
Yes, you can automated the decisions making process
We currently support Equifax Acro50 and others
CreditRaptor works with Equifax credit report API, Experian credit report API, Transunion credit report API and can be customized for any other third-party credit rating agency API.
CreditRaptor supports both soft credit check API and hard credit check API. While running the credit check for a particular record, you can specify if you want to do a soft credit inquiry or hard credit inquiry.