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LaserPro integrates Equifax real-time credit info
ATLANTA (8/25/14)--D+H's LaserPro loan and mortgage origination service now integrates real-time consumer credit reports from Equifax.
 
Equifax's Credit*HiLite provides consumer credit information from all three credit reporting agencies. LaserPro's consumer and mortgage origination and processing modules will use the information to provide immediate eligibility feedback to the applicant and provide loan options that match the borrower's needs.
 
The integration automatically populates liability, credit score and key factor data into LaserPro, streamlining data entry. Applications are automatically populated with credit report liability data so that lenders can quickly determine ability to repay.
 
"Reducing workflow timelines and eliminating issues associated with manual data entry is pivotal to lenders' success," said Craig Crabtree, senior vice president, Equifax Mortgage Services. "Delays are costly and can quickly pile up, so it is important to have a means of preventing those headaches altogether."
 
The information also populates LaserPro's worksheets for credit score disclosures, risk-based pricing, adverse action notices and credit approval.
 
"Providing this expanded functionality with Equifax as one of the industry's leading credit data providers with LaserPro is a way to help our mutual clients be more accurate and efficient in their lending process," said Mitch Lucas, vice president of product management and legal compliance, D+H.


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