Technology

Blend and CoreLogic integrate to create quick and simple credit data checks

Expediting the credit check process

Mortgage lenders using Blend for their digital mortgage experience can now automatically access credit report data during pre-qualification and mortgage origination, via a new integration with CoreLogic.

Through the partnership, Blend can now provide its lenders, which include Citizens BankU.S. BankWells FargoNavy Federal Credit Union, and more than 150 other lenders, with access to CoreLogic’s Instant Merge.

Instant Merge is CoreLogic’s three-bureau credit report that allows customers to get an accurate and balanced representation of a borrower’s credit history, its website says.

“Integrating Instant Merge credit reports into Blend’s technology provides another opportunity to remove friction from the lending process,” said Brian Martin, head of business development at Blend. “This partnership is central to what we’re doing at Blend, connecting components to reduce the time to get an accurate credit decision, and streamlining the lending process for both lenders and consumers.”

In September, Blend also announced that it would begin offering a “one-tap” mortgage pre-approval, claiming that its new software gives borrowers “instant access to verified buying power and the ability to easily generate a pre-approval letter.”

“This integration with Blend means our customers can now instantly access credit data during the buyer’s journey and as a result, optimize their digital strategy during the pre-qualification process,” said Jay Kingsley, executive for credit solutions at CoreLogic. “We’re excited to grow our partnership with Blend, and this recent endeavor represents our commitment to deliver an improved digital lending experience to our customers.”

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