Over 30 years ago, Credicheck became the first solution to provide CPU-to-CPU access to the U.S. credit bureaus and their data. Since then, Magnum has led the way in providing this high-speed, extremely reliable data access system for risk decisions. As the industry leader, Credicheck is the solution used for nearly one fourth of all credit reports pulled in the United States every year.
Credicheck formats your common inquiry to the specification of the desired data-source, retrieves the data, and transmits it back to you, formatted for your use. CREDICHECK reaches all major U.S., Canadian, and Mexican consumer and commercial credit bureaus, as well as many other data providers in the U.S. Additionally, Credicheck has access to a wide array of international sources through our CRIFGate service.
Key Features
- Standard API for all inquiries
- Inquiry automatically formatted to data provider’s unique specifications
- Access to the latest bureau and data provider products
- Returned bureau data reformatted to a common format
- Total communication control over prioritization, failovers, bureau down conditions, and geographic priority
- Results stored for legal audits and compliance testing
- Summary screens displaying what you need to see
- Edit checks and audit trails to ensure quality
Key Benefits
- Timely support of the latest bureau products
- Access a wide variety of alternative data providers
- Control of all aspects of your data acquisition process
- Manage all of your communication and bureau priorities
- Access to all data fields, despite the source, in a common layout and format – saves training costs, minimizes user errors, and speeds up the review process
- Full integration capability with Magnum’s leading analytic and decision tools, including RapUP, a characteristic development and analysis engine, and CreditFlow, our workflow management and loan-origination system
Click here to download the CREDICHECK product sheet