In today’s increasingly competitive market, every loan lead carries great weight. Streamlining the pre-qualification process by efficiently and accurately prioritizing these leads is as important as choosing the right loans to fund. PreQualPro by CoreLogic is an industry-first technology that quickly and accurately qualifies the validity and accuracy of loan leads by analyzing a property’s collateral value against a client’s value estimate.
Providing users with a value range and probability rating on each loan lead, PreQualPro assists loan officers, account executives and brokers in determining which potential deals have the highest probability of closing at the value estimate provided. By streamlining the qualification process, originators and brokers can more efficiently manage time and cost, increasing their pull-through rates and effectively decrease costly fall-outs.
PreQualPro eliminates dependence on a borrower's estimated value—usually based only on their own understanding of the constantly-fluctuating housing market—and offers a faster, easier alternative to existing valuation methods for validating estimates.
PreQualPro can be delivered through a secure Web-based interface, batch processing or direct XML integration into an institution’s production system.
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