CoreLogic recently announced its Instant Merge credit report and flood services are now available on LendingPad, a web-based, end-to-end loan origination system (LOS). The inclusion of Instant Merge credit reports joins the previously available Flood Determination services from CoreLogic in a series of planned product integrations on the LendingPad platform.
The Instant Merge credit report provides specific demographic information, current and historical tradeline details and public records and inquiries with additional features such as identity verification, multiple scoring options and detailed creditor contact information. Lenders can request an Instant Merge credit report and find the most up-to-date borrower information available from the three major credit bureaus—Equifax, Experian and TransUnion.
“LendingPad is proud to be at the forefront of mortgage lending technologies and working with reputable industry leaders to enhance loan origination processes,” said Wes Yuan, Managing Director for LendingPad. “Our mutual customers will immediately enjoy the convenience and benefits of the CoreLogic credit and flood products inside of the LendingPad platform.”
According to CoreLogic, the LendingPad LOS was created by mortgage professionals to "modernize the complex loan origination process."
“We’re excited to add access to our Instant Merge Flood Determination solutions to LendingPad, and to help ensure that even more lenders have access to our superior, data-driven mortgage underwriting solutions,” said Mike Mitchell, Executive, Third Party Business Development for CoreLogic. “In the current lending environment, one thing we can all agree on is that seamless delivery of key mortgage services as data drives a superior digital mortgage borrower experience. With this integration, clients can now access credit and flood data from CoreLogic through a top, cloud-based loan origination system.”