Loveland, Colorado, October 10, 2017
Factual Data, a leading provider of credit and verification services to the mortgage lending industry, today announced an integration with PreApp 1003®, a cloud-based pre-qualification system designed for mobile devices. With PreApp 1003, lenders will now have access to Factual Data’s credit solutions during the pre-qualification process.
The addition of Factual Data credit information to PreApp 1003 provides mortgage loan originators with a robust credit profile to give them confidence during the pre-qualification process.
“We make it our mission to work with forward thinking companies, such as PreApp 1003, as they continue to bring innovative solutions that address our customers unique needs,” said Jay Giesen, president, Factual Data. “We’re excited to provide our mutual customers with the tools they need to efficiently prequalify applicants.”
With the addition of Factual Data as a credit provider, PreApp 1003 will offer clients merged credit reporting from a proven industry leader to help shine a light on borrower credit history.
“PreApp 1003 is strongly focused on the flexibility and convenience of allowing lenders to do business even out of the office,” said Dru Brents, founder and CEO of PreApp 1003. “The partnership with Factual Data gives lenders a secure and trustworthy option when ordering credit no matter where business is done.”
Factual Data is a trusted provider of credit, risk mitigation, flood, and verification services to the mortgage industry. Leveraging innovative technology and deep industry experience, Factual Data simplifies the mortgage lending process for its customers and their borrowers. For information, please call 800-275-3389 or visit www.factualdata.com.
Founded in 2015, Houston-based PreApp 1003 was created to fill a growing need for mortgage loan officers to easily and securely prequalify mortgage applicants from the convenience of their mobile devices. Being a cloud-based, text-initiated system, PreApp 1003 helps from the point of referral, to obtaining credit, calculating ratios and funds to close, to issuing closing cost worksheets and conditional pre-approval letters. It is simply the most efficient way for a Mortgage Loan Originator to pre-qualify a prospective borrower all from a mobile device.
Factual Data: Chris Horn, 970.619.7017 or firstname.lastname@example.org