The auto finance industry is one of the largest in the United States. Before lending money to customers, the auto finance industry runs a credit check. This is done to ensure that the customer has no outstanding debts that may jeopardize their ability to repay the loan. A credit report assists lenders in determining whether or not a person is likely to default on a loan. If a lender discovers that a borrower has a history of failing to make loan payments, they may decide not to lend them money. The entire credit report checking and credit score evaluation process can take months if done manually. This causes delays in transactions and can result in business losses. To avoid these consequences, use Credit Checker. It is a credit reporting app explicitly designed for Salesforce users. It enables auto lenders to make informed decisions about applicants without manually calculating their creditworthiness for months. It does everything from pulling a credit report to automatically denying/approving loan requests. As a result, it saves considerable time and eliminates errors.
Credit Checker pulls real-time consumer credit reports from the three major credit reporting agencies, including Experian, Equifax, and Transunion, using any Salesforce standard or custom object. It supports single/joint reports for North American customers. The application provides comprehensive credit information which includes trade accounts, payment history, Liens & Judgment data, fraud alerts, public records, credit inquiries, employment verification, Experian-precise ID, FICO and Vantage scores, driving license verification reports, etc. It also includes a fully-customizable dashboard for easy report analysis and tracking. The dashboard also helps categorize profiles according to their credit score, interest rate, name, or other information.
Credit Checker can also be integrated as an API form into an organization's existing workflow. The app validates the customer's lists automatically. The app is available on Salesforce AppExchange for a 30-day free trial.
To request a live demo or a 30-day free trial, please contact at info@cloudmaveninc.com
