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CreditAPI - Real-Time Online Credit Access 

OVERVIEW

CreditAPI is a revolutionary new tool for pulling and storing credit data directly from the credit repositories through a simple Internet connection and then delivering the data to most any application. This specialized application consists of a Web-based front-end management tool, several return data formats such as HTML, XML, and PDF, and various pre-built request interfaces that that can easily be used by Loan Origination Systems, Web applications, and other credit decision software.

Credit Technologies in partnership with MeridianLink pay the huge cost of TruSecure security certification and hardware maintenance. Credit requests are made through HTTPS post to avoid any network or firewall issues that you might normally have to deal with.

CreditAPI accesses credit data from Experian, Equifax, and Trans Union, merges it and delivers it in a uniform format directly to your Web application or software in seconds. This allows you to automate your credit-based decisions and close mortgage, auto, or other credit-based business transactions quickly, efficiently, and profitably.

CreditAPI is your key to a secure, reliable, and instant connection to credit data via the Internet. Take advantage of Internet technology with a cost-effective, purpose-built Web application that can give your company the competitive advantage to succeed in today's business environment. Our expertise in the financial information industry makes us a proven leader in providing cutting edge credit reporting technology.

BENEFITS

  • Save Time: CreditAPI connects directly to your system and to the credit bureaus over an Internet line so transactions are ordered, processed, and delivered in just a few seconds. What does this mean to you? More business with less time and effort.
  • Increase Efficiencies: CreditAPI merges data from the three repositories and delivers it to your system in a uniform and customized format. This eliminates the hassles associated with inconsistent formats and redundant data entry and creates efficiencies for your business.
  • Increase Profits: CreditAPI is very cost effective, which allows your business to become more efficient even as it lowers costs and improves profitability.

FEATURES

  • Open-Ended Interface: CreditAPI will directly interface with your customized LOS, desktop underwriter, or other software system that uses credit information. Its XML-based technology allows easy integration.
  • Credit Reports in Seconds: Order, view, and print credit reports in less than 10 seconds
  • Free re-access to credit data: CreditAPI pulls the credit data from the repositories and stores the data so that you can re-access it at any time free of additional charges.
  • HTML/PDF/XML/X12: Get your credit data in many formats.
  • System Maintenance: MeridianLink is highly experienced in the ASP financial information industry and will ensure that your system stays current with the latest credit bureau requirements and technology.
  • Security: CreditAPI uses Secured Socket Layer (SSL) 128-bit encryption and is certified by TruSecure, a worldwide leader in Internet security assurance.
  • Technical Support and Service: MeridianLink provides the highest quality technical support and service in the industry. Our Microsoft Certified developers and engineers are available to your company for all your needs.

 HOW IT WORKS

Here are some examples of how CreditAPI can benefit your credit-based company:

COMPANIES THAT OFFER REAL-TIME APPROVALS WITH ONLINE APPLICATIONS

A business that delivers credit-based products and services directly to the consumer via a browser based application.



WHAT ARE THE BENEFITS


Operational Efficiencies. CreditAPI will simplify and automate your web-based credit supported business. Everything is completed via an Internet connection so it is fast and easy. The credit information is directly inputted into your web-based application, without the need for human intervention. After your web application runs its queries, it will instantly approve, deny, or otherwise inform your customer of their application status. Directly over the web. In real-time.

Eliminates network security issues. Since the credit data is stored in Credit Technologies MeridianLink database, we will ensure strict security measures in the handling of such critical and confidential information. This equates to huge operational efficiencies for you without the hassle.


LARGE MORTGAGE LENDERS OR BROKERS
Credit-based businesses that need credit verifications and have a customized LOS, desktop underwriting engine, or other customized software package.

WHAT ARE THE BENEFITS?

Cost savings.  Normally you would have an online telemarketing system run a credit report to get a pre-qual quote. If the borrower's credit looks decent enough, you would have to re-run the credit report with a credit reporting agency for trade supplements so that you can upgrade the loan to an approved status. This means you pay for the same credit information twice. Credit Technologies CreditAPI eliminates this redundancy.

System Compatibility. The CreditAPI module is an open interface that connects directly to your Loan Origination System (LOS), desktop underwriter, or other customized software, and provides seamless integration with your existing IT infrastructure. In addition, the CreditAPI interface eliminates redundant and time-consuming double and triple entry of applicant and credit information.

Operational Efficiencies. CreditAPI will simplify and automate your web-based credit business. Everything is completed via an Internet connection so it is fast and easy. Information from all three credit bureaus is inputted directly into your LOS, desktop underwriter, etc. in seconds and without any human intervention. After your system runs its queries, CreditAPI will auto-populate any necessary reports or letters with relevant credit data. And since CreditAPI is based on XML technology, the integration is easy.



CREDIT UNIONS, SMALL LOAN LENDERS, EQUIPMENT LEASERS, ETC.
Credit-based businesses that don't need to verify credit information and have a customized LOS, desktop underwriting engine, or other customized software package.


WHAT ARE THE BENEFITS?

Operational Efficiencies. CreditAPI will simplify and automate your Web-based credit business. CreditAPI can interface with your software system to eliminate redundant data entry. Because of our advanced merge logic and network setup, the credit data is merged from all three repositories in seconds and delivered instantly! It's fast and easy.

Eliminates network security issues. Since the credit data is stored in Credit Technologies MCL database, we will ensure strict security measures in the handling of such critical and confidential information. This equates to huge operational efficiencies for you without the hassle.

For more information on how CreditAPI can streamline your origination process, give us a call at 800.445.4922.

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