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Home›Real Estate›Mortgages›Experian expands Power Profile Plus for Mortgage to al…

Experian expands Power Profile Plus for Mortgage to allow more soft pulls

The update lets lenders request unlimited eligible follow-up soft inquiries during the mortgage application and qualification period without extra Experian credit-profile charges.

Reported · Written up by our desk · Mortgages

HousingWire reports that Experian enhanced its Power Profile Plus for Mortgage solution so lenders can request unlimited eligible follow-up soft inquiries without incurring additional credit-profile charges.

The soft inquiry now provides lenders with a full Experian credit profile and VantageScore 4.0, along with an option to transition to a hard inquiry later.

Experian said the goal is to make the mortgage industry shift to modern credit scores more cost-effective and easier to implement, according to HousingWire.

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Sources

HousingWireExperian expands Power Profile Plus, adds unlimited soft pulls

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