Soft Credit Pull (Acqualify)
Screen a borrower's credit early with no SSN and no hard inquiry, right from the loan file.
Acqualify Credit Screening answers one question early and cheaply: is this lead worth working? It runs a soft credit pull that needs no Social Security number. Name, address, date of birth, e-mail and phone are enough, and it leaves no hard inquiry on the borrower's file.
What you get back
- A credit score
- Derogatory indicators: late payments, collections, repossessions, bankruptcy or foreclosure flags
- Account counts, such as mortgages and revolving accounts
- Monthly payment and balance bands by category
- Whether the applicant is recommended for credit repair
Debt figures come back as ranges, not exact balances. Treat this as a qualification tool; when you underwrite for real, order a full report through your credit gateway.
Credit restoration referrals
Anyone who screens below the score threshold you set is offered the vendor's credit restoration program. You're notified as their score improves, so a lead you would have declined comes back when they're fundable.
Setting it up
There are no credentials to enter in Platform Settings.
- Your company must be switched on for it. If you can't see Credit Screening, contact [email protected].
- A manager activates it once from the Credit Screening page. Activation accepts the vendor's terms and privacy policy, then creates your account with them and mirrors your branches and users automatically.
- A manager sets the score threshold on the same page.
- Staff need the permission. Existing users get it on activation; users added later inherit it through their profile.
Using it
| Where | What for |
|---|---|
| Credit Screening in the main navigation | The vendor's dashboard inside LendingWise: threshold and credit-management work. |
| Credit Screening card on the loan file | Screening the borrower on a file you're working. Click Submit Soft Credit Pull; the result opens immediately and the score stays on the card with its date. |
Screening uses the file's details as they standIf the borrower's name or address is wrong or incomplete, the screening will be too. Fix the borrower record first. The result lives on the borrower's record, not among your loan documents.
Full detail: in LendingWise, open Loan Origination → User Guide → Acqualify (Soft Credit Pull).
Updated 10 days ago