Credit unions increase loan analysis with credit score soft pulls

Credit score analysis continues to be a focus of development in CU*BASE®, the core processing platform of cooperative CUSO CU*Answers. The credit score analysis dashboard examines all member credit scores, allowing the credit union to dissect the files and perform in depth analysis. To maximize the benefit of the feature, credit unions can opt to perform soft pulls of their membership with the assistance of Lender*VP.

With current credit scores, credit unions can more effectively review member accounts and determine trends. Lender*VP currently has forty-eight credit unions participating in this program, which resulted in over 1.3 million scores pulled in 2017. They are currently on track to increase that by 30% in 2018.