Get ready for ReadyQual, a prequalification tool to turn consumers into borrowers faster! ReadyQual helps you qualify more borrowers with soft inquiry credit reports and without the need for disclosures. ReadyQual is an easy software application for you to put on your website. As a prequalification tool, ReadyQual only requires name and address, so it moves applicants quickly through the process. It is designed to target the millennial generation who does a majority of their research and work online instead of face-to-face, the goal of which is to then turn instantly-prequalified consumers into full loan applicants.
- ReadyQual reduces cost and brings lenders more qualified leads
- ReadyQual reduces application fallout rate
- ReadyQual doesn’t impact Borrower score because it uses a soft inquiry
- ReadyQual requires no firm offer of credit
- ReadyQual does not require declination letters or risk based pricing notices