The integration will make Factual Data’s reports accessible to lenders using Teslar’s fully integrated loan-tracking capabilities. In one click, Teslar can pull credit from any source via Factual Data, calculate DTI, and import into imaging.
Teslar works by importing borrower liability information directly from a credit report and populating it into relevant loan fields. The system pulls an enhanced PDF of the credit report and stores it as a quick link for download.
“This collaboration combines Factual Data’s tier one credit reporting capabilities with the power of Teslar’s aggregation and automation abilities,” said Factual Data President Jay Giesen in a press release. “It’s a combination that makes perfect sense for lenders seeking greater scale and efficiencies from their business solutions.”