New Decision Points, More Options Deliver Smarter, Faster Prequals

ReadyQual Update Scheduled for Friday Morning, May 24th, 2019

We are pleased to announce that the ReadyQual prequalification tool is being enhanced with the TransUnion prequal product that delivers added value to you and your clients. ReadyQual will be updated this Friday morning, May 24th, 2019. The addition of TU to ReadyQual creates a more robust offering with 2 bureaus available (TU and XPN) and gives you more flexibility and options to provide to your clients.  





With TU comes additional decision points plus features and benefits, such as:

  • APR, Loan Terms and Monthly Payment values that your lenders can enter into their prequalification setup to be more specific about loan programs they offer.  Lenders can adjust these settings to prequalify borrowers for the same programs at different rates based on score.  Options not available with XPN-only prequal offering.
  • Social Security Number will be present on the borrower prequal screen when TU is enabled.  Entering the borrower SSN is optional.
  • A 2-bureau prequal product (XPN and TU) with XPN's approval of screens.
  • No TU minimums, no screens to submit, and no TU screen approval process.  Just accept the default screens, and you’re up and running.

All the same benefit and value of ReadyQual still exists, such as soft inquiries so scores are not impacted, avoiding disclosures since no firm offer of credit is made, and a faster, more competitive prequal product to attract more borrowers.