How it Works
Here are some examples of how CreditAPI can benefit your credit-based
company:
If you are a software developer and would like to offer CreditAPI
as an added value product to your LOS, underwriting engine,
Web application, or other software please contact us.
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 MeridianLink's 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. Since CreditAPI can be linked to credit
resellers using MeridianLink's credit system, Mortgage Credit
Link (MCL), you can request credit verifications from them
without having to pay for the credit report again. 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. 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 MeridianLink's 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.
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