Try SmartSelect. It's a no brainer.

Streamline your costs by 32% using a cascading credit bureau report option

*An originator with 500 monthly origination credit reports and a 45 percent fallout rate would realize 32 percent savings over peers accessing a full origination tri-merge, or a savings of $9K+ per month with Service 1st.

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Eliminate unqualified borrowers from the beginning using a single bureau verification.

➤ Reduce overall credit reporting fees by 32%*

➤ Eliminate hard inquiries for your customers

➤ Efficiently evaluate your applicant’s credit profile

➤ Prudently upgrade as warranted

Find out more about SmartSelect today!

SmartSelect works in reducing your fallout rate.

You customize the credit report criteria. Once your pre-defined benchmark(s) are triggered, the reports will automatically cascade to a bi- or tri-merged credit report. Otherwise, it stops pulling credit bureau data if certain conditions, such as scores or other negative factors, are not met.

SmartSelect offers 4 cascading report options:

Single Pull

When the credit report is ordered, if the first-choice bureau is unavailable or if a score is not returned, second-choice bureau will be ordered. If a score cannot be obtained from the second bureau, a third bureau will be ordered. This will improve the chances end users will receive at least one bureau successfully.

1-3 Bi-Merged

If the first bureau meets the score and guideline bureaus, the file will upgrade to a tri-merge.

2-3 Bi-Merged

This mode will pull all bureaus one by one and check the results against the requirements. If the first bureau meets the requirements, the second bureau will be pulled. If the second meets the requirements, then the last bureau will be ordered.

1-2-3 Tri-Merged

This mode will pull 2 bureaus and if any meet the requirements, the last bureau will be ordered.

Examples of other set criteria to customize in upgraded feature:

Cumulative collection balances greater than $____.
No late payments on mortgage accounts within the past ____ months, not to exceed 36.
Bankruptcy filings within the past ____ months.
Delinquent child support accounts.
Unreleased federal tax liens.
Defaulted student loans.
Disputed accounts.
Foreclosure, short sale, or deed-in-lieu within past 7 years.