Simply said, credit score soft pulls give you the most up-to-date credit score for your members. With current credit scores, you can more effectively target members who qualify for a better offer at your credit union, thereby increasing tour “loan steal” opportunities.
Current scores also help you offer a more competitive rate to people who might not have A or B credit, but who otherwise have acceptable risk. This will help you reach out to a pool of new loans at your credit union.
How It Works
We will query your database and send off the data to the credit bureau. When we receive the scores in return, we upload the member information and show you where each member floods to in CU*BASE and your dashboards.
Unless you choose “On-Demand”, this service will auto-renew until you choose to cancel it, so you don’t have to worry about keeping up on your member scores.