SmartSelect Credit
SmartSelect is a fully automated credit cascade designed to help lenders make informed credit decisions efficiently.
Automated Credit Ordering with Intelligent Workflow Control
By intelligently sequencing credit pulls and enforcing upgrade logic, SmartSelect ensures consistent credit decisions, streamlined workflows, and higher-quality files automatically and in seconds.
Key Features
- Configurable Rules Engine: Define when to trigger soft vs. hard inquiry credit pulls.
- Flexible Credit Options: Select one-, two-, or three-bureau prequalification (soft inquiry) reports before full tri-merge.
- Seamless Upgrade Paths: Move from soft to 1- or 2-bureau hard pulls, then to tri-merge as needed.
- Data Validation: Verify consumer identity through LexisNexis Flex ID before ordering credit.
- SmartSelect Coversheet: Identify and explain where and why a file stopped in the cascade.
- Custom Configuration: Tailor workflows and logic to each lender’s policies and preferences.
Value & Differentiators
- Efficient Credit Ordering: Eliminate unnecessary bureau pulls for cost and time savings.
- Early Error Reduction: Improve accuracy through upfront data validation.
- Process Consistency: Maintain uniform credit workflows across all loan teams.
- Policy Alignment: Match decisioning rules to your organization’s lending strategy and risk appetite.
- Transparent Compliance: Coversheet reporting supports audit readiness and regulatory visibility.
- Automated Sequencing: Streamline operations with dependable, rules-based credit workflows.
Benefits for Lenders
Operational Efficiency
Automated credit workflows eliminate manual decision points and reduce rework, allowing your team to focus on higher-value lending activities.
Higher Quality Files
Built-in validation ensures bureau data accuracy from the start, improving loan quality and reducing downstream corrections.
Faster Decisioning
Credit cascades execute automatically within seconds, accelerating response times and keeping applications moving without bottlenecks.
Workflow Consistency
Standardized logic applies the same decisioning rules across every team and channel, promoting accuracy and fairness throughout the process.
Compliance Confidence
Every upgrade and decision is fully documented with clear audit trails, helping you maintain transparency and meet regulatory expectations.
Upgrade Criteria Options
- Minimum credit score
- Cumulative collection balance
- Mortgage delinquency
- Bankruptcy filings
- Delinquent child support
- Federal tax liens (unpaid/unreleased)
- Defaulted student loans
- Disputed accounts
- Foreclosure / short sale / deed-in-lieu
Additional configurable options:
- Choose how many bureaus to pull at each stage (1, 2, or 3)
- Configure hard inquiry upgrade models based on lender preference
- Prioritize bureaus based on performance or data quality trends
- Include a SmartSelect Coversheet to document why a file did or did not qualify to upgrade
Why SettlementOne
Keep Every Loan Moving Forward
SettlementOne empowers lenders with trusted credit and verification solutions that simplify workflows and reduce borrower risk so you can focus on closing with confidence.