Soar Lite helps consumer lending organisations save time and money on loan processing.
Our partnership with Experian allows us to offer our customers the gold standard in credit bureau data, automatic credit decisioning, identity verification and fraud screening all as part of our Soar Lite package.
What does Soar Lite include?
Soft & Hard Credit Checks
We connect to Experian™ to enable you to access credit reports on your applicants.
Identity Verification
Confirm the identity and personal details of your applicants with Experian’s identity checking services.
Credit Account Information Sharing (CAIS)
Share your customers' credit activity with Experian to help build an accurate credit history
E-signatures (coming soon)
Loan documents can be signed by your applicants digitally saving you time in the application process.
Automated Credit Decisions
Define a bespoke strategy to suit your risk appetite and make automatic lending decisions for your customers.
Why Experian?
Experian is the largest source of credit application and history data
Their data is gathered from all major credit organisations
60% of all credit applications are checked with Experian
Why submit data to CAIS?
It allows consumers to be represented consistently across the market
It helps to build the credit scores of consumers
It creates a clearer picture of a person's financial credit history which is beneficial when applying for credit
Soar Lite Pricing
If you would like to hear more about Soar Lite and our pricing get in touch with us via our online form. We'll run you through our pricing calculator that will give you a better picture of how your organisation can save money with Soar Lite.
