SoftPull is a great tool for sharing with your referral partners. Real estate agents and builders can direct prospects to your SoftPull tool to get an instant credit check while they are meeting with the agent or builder for the first time. After the consumer completes the SoftPull and receives a "Qualified" results they can choose to share their result with the agent or builder.
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A soft credit inquiry does not affect your customer's credit score. Soft inquiries are promotional inquires used when a lender wishes to extend an offer of credit.
Many users ask which credit score is used in SoftPull instant credit check. Our soft inquiry technology pulls the FICO score though Experian, which is the same score that the majority of the mortgage industry pulls for tri-merge credit reports used in an application or extension of credit.
A soft credit inquiry or 'soft pull' is used when a consumer checks their own credit or when a lender checks a consumer's credit to pre-qualify them for an offer.