Improved workflow helps lenders close loans faster, builds borrower trust
Credit Plus, a leading provider of mortgage verifications and business credit reports, today announced it has integrated with Cirrus, a provider of cloud-based document management software. The integration gives lenders some unique opportunities to engage with consumers in a manner that doesn’t put their credit scores at risk yet builds trust and moves the deal forward.
The integration allows mortgage and commercial lenders the ability to pull Credit Plus’ Pre-Qualification Plus, a one to three bureau soft credit pull, that doesn’t impact an applicant’s credit score. The new functionality is now available in Cirrus’ platform, further ensuring organized and efficient transactions for lenders to improve their overall accuracy, workload and response times.
“We’re excited to integrate with Cirrus and add even greater functionality to its platform. Our soft credit pulls will assist lenders in accelerating their workflows and decision automation,” said Greg Holmes, President and CEO of Credit Plus. “Prospective borrowers appreciate this feature because it shows them that their lender cares about their credit rating. That builds trust and gives them the confidence to take the deal to the next level. At the same time, it saves lenders money they would have spent on credit reports for consumers who were not ready to become buyers.”
“Integrating Credit Plus’ soft credit pull feature into Cirrus’ platform allows lenders to tap a timesaving and organized document collection process while improving customer satisfaction,” said David Brooks, founder and CEO, Cirrus. “We are pleased to partner with Credit Plus to help more lenders access vital tools that streamline the loan process and close deals faster.”
For more information, visit the company’s website, www.xactus.com.
About Credit Plus, Inc.
Credit Plus provides reliable verification services from pre-application to post-close that give mortgage professionals greater confidence when making lending decisions.
With the Credit Plus Collection, its comprehensive suite of verification services, lenders can successfully close more loans and better manage their risk. Credit Plus’ expertise in the residential and commercial mortgage industries enables it to quickly assess current and future needs and provide new solutions for a rapidly changing environment. Credit Plus moves mortgage professionals forward.
For more information, please call Credit Plus at (800) 258-3488, e-mail [email protected] or visit the company’s website at www.xactus.com.
Cirrus provides a digital client engagement tool that eliminates the “document chaos” associated with the management of commercial and SMB bank account onboarding and lending documentation to deliver a superior customer experience for clients in the banking, healthcare, agricultural and oil and gas industries, among others. Using a cloud-based, API-enabled system, financial institutions are able to create electronic checklists, collaborate on documents needed at each stage of the deal, upload sensitive documents quickly and securely, and easily view the status of the deal itself. Thoughtfully designed by bankers for bankers, Cirrus brings a policy-driven structure to its clients and is committed to returning 10 million hours of operational savings to the banking industry. For more information, visit www.cirrussecure.com.