Credit Reports (MeridianLink & Xactus)
Order tri-merge credit, soft pulls and related reports through MeridianLink or Xactus from the loan file.
LendingWise connects to credit reporting agencies through two gateways. Most companies use one or the other. Orders are placed from the loan file and the reports are filed back onto it.
The two gateways
| MeridianLink | Xactus | |
|---|---|---|
| What it is | A gateway to a long list of credit reporting agencies. You pick your agency by name. | A single credit vendor reaching all three bureaus. |
| Full credit report | Yes: borrower, co-borrower or joint. Always goes to all three bureaus. | Yes, and you choose which bureaus to include. |
| Soft pull | Yes | Yes |
| Also offers | Business (entity) credit, automated valuation (AVM), flood determination, MERS registration | Flood determination, fraud and identity screening, undisclosed debt monitoring |
Soft pulls are on for every agency that supports them, so you can prequalify without a hard inquiry and order the hard pull once the deal is real.
Before you start
- Hold your own account with the agency or with Xactus. You contract with them directly.
- Enter your credentials in Platform Settings → Integration Hub: find the vendor's card and click Configure (manager access). A branch or individual user can hold their own login on their profile instead, and it takes precedence over the company's.
- Grant the third-party services permission to the people who should order.
Ordering
- Open the loan file's 3rd Party Services tab.
- Choose the agency, then the product. Borrower and property details are pre-filled from the file; extra fields appear when a product needs them.
- Send. The order appears under History with its status. Most results arrive within moments; Fetch asks again on demand.
- Completed reports appear under Generated Documents and are filed with the loan's documents.
Undisclosed debt monitoring (Xactus)This is a 120-day watch rather than a one-off report. Set a start date and an alert e-mail, use Refresh whenever you want an updated report, and Deactivate to end it early.
Every order is billableA pull costs money the moment it's sent, and the file records who sent it. Grant the ordering permission deliberately.
Full detail: in LendingWise, open Loan Origination → User Guide → MeridianLink (or Xactus).
Updated 16 days ago