Fast and Accurate Borrower Prequalification

Optimize Your Borrower Prequalification With ATTOM

Borrower prequalification improves application approval rates, the speed of underwriting, and the accuracy of approval and denial rates. Property data is an essential component in prequalification for borrowers.

Inevitably, there will be delays in borrower assessment during the pre-qualification and pre-approval stages of loan origination while information is collected and verified. In a competitive market, delays can be stressful for everyone involved.

ATTOM offers a cost-effective way to speed up the loan origination and background check process by providing access to extensive and accurate property data. We aggregate extensive real estate data, including mortgage, public record property, owner, foreclosure, and neighborhood data, to ensure you have all of the information you need to quickly and faultlessly vet prospective property buyers.

While the traditional pre-qualification process assesses borrower eligibility based on an applicant’s current income, assets, financial capacity, and debts, access to comprehensive real estate data can provide a more nuanced calculation of a borrower’s risk factors. This calculation may avoid disappointing a borrower later in the prequalification process and decrease the risk for the lender that a borrower will default on a loan.