IRVINE, Calif. — CoreLogic Credco has integrated its Three-Bureau PreQual credit report and score solution on eLEND Solutions, an automotive technology company specializing in online and in-store credit and finance solutions, the company announced.
Executives said the integration gives CoreLogic Credco customers who use eLEND instant, single-source access to a consumer’s credit report and FICO score from all three national credit bureaus — all with a soft inquiry.
“We are excited to make our new Three-Bureau PreQual solution seamlessly available to all of the auto dealers currently using eLEND,” said Colby Park, senior leader, Automotive Credit Solutions for CoreLogic. “We have found that dealers like the solution because it allows them to effectively manage their credit reporting costs while efficiently prequalifying prospective car buyers earlier in the process.”
“We’re dedicated to providing tools that help auto dealers sell cars faster to improve their profitability and the consumer experience,” said Pete MacInnis, CEO at eLEND Solutions. “Adding access to soft inquiry credit pulls through Three-Bureau PreQual will help set our auto dealer network up for future success by increasing speed and transparency within the sales cycle. Quickly providing access to additional insights into consumers’ credit standing, without impacting their credit score, will benefit consumers and auto salespeople alike.”
Originally posted on F&I and Showroom