Credit Checker is an advanced credit reporting application that automates business workflow by providing Experian, Equifax, and TransUnion reports inside Salesforce. Cloud Maven, Inc., a Salesforce Certified ISV Partner and the 2021 Salesforce Partner Innovation Award recipient, has developed this solution. Banks make money through the interest they charge on loans. If they offer loans with a high risk of default, they may not receive interest payments, which can lead to a loss of revenue. A sophisticated and dependable credit reporting solution can be a lifeline for banks. However, despite their claims, most credit reporting apps still need to be fully automated.
Credit Checker, on the other hand, delivers exactly what it promises! The app fully automates credit reporting and decisioning processes to shorten the disbursement cycle. This Salesforce-native tool assists banks in making informed decisions in real-time. Banks can examine all risk factors, such as Experian-Precise ID, OFAC reports, employment information, LnJ data, and other credit histories, to determine an applicant's creditworthiness, ensuring all regulatory requirements are met. Banks can obtain an applicant's FICO and Vantage scores and hard/soft pull credit reports without even requiring their SSN/SIN. The app also supports rule-based decision-making. Banks can set/change rules based on their business policies. The app automatically accepts/rejects applications based on the rules you set. As a result, it eliminates the need for human intervention, saving time and money while eliminating the possibility of human error. It provides a fully customizable, intuitive dashboard to help bank employees learn more about profiles. This aids in profile interpretation and monitoring. They can also use the dashboard to sort profiles based on the applicant's credit score, the debt amount, name, or other credit details. This Salesforce integration is available on Salesforce AppExchange for a free 30-day trial. Send an email to info@cloudmaveninc.com for any queries. Follow Cloud Maven, Inc. on LinkedIn, Twitter, and YouTube to learn about further solutions.
