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.
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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.
Text to Pre-Qualify is a text message instant credit pre-qualification feature of SoftPull instant credit check for mortgage originators. Text to Pre-Qualify is a way for a consumer to get an instant credit pre-qualification for an originator or lender instantly on their mobile phone.
SoftPull instant credit check is a soft inquiry technology that allows mortgage lenders to give a customer an instant credit pre-qualification as a soft inquiry or 'soft pull' right on their mobile phone or on the originator's website.
Why would you use the SoftPull instant credit check versus a full credit report? In this short video we discuss how SoftPull is much less expensive and much quicker to use than pulling a full credit report. It doesn't hurt the prospects credit and it doesn't trigger marketing from other lenders.