Lenderful Solutions "PreQual Express" ROI Use Case

Lenderful Solutions is an innovative technology company created to help lenders offer a superior online experience today’s customers expect.

The goal of a prominent Midwest credit union was to increase the number of mortgage purchase loans by allowing customers to receive on-demand pre-qualification letters.  To do this, they looked to Lenderful Solutions and their PreQual Express tool.  Using this tool and its soft credit pull capability, borrowers received pre-qualification letters in less than 5 minutes, purchased a home and proceeded to close a loan with the credit union.  As a result, the credit union increased their number of mortgage purchase loans and attained a 10X ROI in less than 6 months.