Baseline’s new Credit Report feature streamlines credit management by replacing the old static credit score field with a dynamic, comprehensive credit report system. Here’s what’s new:
Credit Report Entry Options
Users can now add/retrieve a credit report via a dropdown menu:
Retrieve a credit report: Conduct a soft-pull or a hard-pull on the borrower’s credit.
Manually add a report: Enter a credit score along with key financial metrics.
Upload a credit report file: Attach an existing credit report directly to the client’s profile.
This upgrade enables more accurate credit tracking, simplifies data entry, and provides clearer insights for financial decision-making.
Improved Tracking & Visualization
Lenders have a quick glimpse of the borrower’s financial health via a snapshot of three quick metrics:
Credit Utilization Ratio (provided by Corelogics)
Derogatory Accounts (provided by Corelogics)
Date the report was pulled (for accurate tracking).
Colored icons offer visual indicators of credit health, helping users quickly assess the status.
Retrieve a Credit Report
Navigate to our dashboard and go over to contacts.
Click "Borrowers" to go to the Borrowers section
Go over to the Credit button on the Borrower's profile and click to see options for generating a credit report.
Soft Pulls:
For soft pull choose the "Soft Pull" option
Click Next to go to confirmation page
Confirm all details about the borrower and click "Pull Report" to generate report
Hard Pulls:
For hard pull, click on "Hard Pull" and click "Next" to go to the confirmation page.
Check on the tick-box to confirm that you have permission to execute a hard pull of their credit.
Click "Pull Report" to generate a report.
Review the report.
Manually Adding Reports:
Click on "Manually add Report"
Fill in the Relevant Fields (Credit Score, Credit Utilization Ratio, Derogatory Accounts, and Date of Report and upload a copy of the Credit Report by clicking on the Upload Report Button.
Click "Save" to save the information and the report.
