Service your customers and make smarter business decisions by retrieving credit data in XML format via the web, 24/7.
CIC Credit SmartAPI represents the future of integration. Imagine being able to access an ever-growing list of verification services and providers with one simple integration. One XML call referencing the products needed will result in a bundled delivery of verification services necessary for customer prequalification or approval. Why waste precious time and development resources by having to develop to multiple vendors with many API’s? With SmartAPI, a single API can give your platform the boost it needs for quickly adding multiple vendors and services painlessly.
What We Have to Offer
With SmartAPI, there is an incredible amount of Service options to suit your needs. Below is a list of the different product types we offer.
- Credit Verification – Consumer Credit Reports and Undisclosed Debt Notifications from the national credit reporting agencies, credit analysis tools, and Business Credit Reports
- Property Verification – Flood Certifications and Automated Valuation Models
- Employment Verification – Instant and manual verifications of employment
- Income Verification – Tax return transcript verification directly from the IRS
- Asset and Deposit Verification – Electronic verification of assets and manual verification of deposit
- Identity Verification, Validation, and Authentication – Red Flags Identity Reports, SSA-89 SSN Validation, and Knowledge-based/Out-of-Wallet authentication
- Watchlist Verification – OFAC, SAM, National Appraiser Registry, Customer Uploaded Lists and others to assist with compliance in BSA, USA Patriot Act, and Fannie Mae LQI
- Packaged Reports – Customizable fraud detection reports for data verification, validation, and discovery on borrowers, properties, and participants
Receipt of this data may be dependent upon your organization having a contract with the data provider. Please contact CIC Credit for further details on how to contract with these vendors.
Only Buy What You Need
Don’t pay more than you have to. SmartAPI can utilize sophisticated SmartSelect technology and only deliver products based on intelligent analysis of certain product results. This cascade reduces cost per consumer by eliminating additional product orders for non-qualified prospects.
With SmartSelect, you can set specific parameters that must be met for a product to complete fulfillment. As an example, if your company only wishes to order a complete trimerge credit report on borrowers with an initial credit score from the first selected bureau exceeds 620, then the credit report fulfillment will cease if the borrower has a 619 credit score. This results in savings on credit reports for potentially non-qualified borrowers. Other attributes can be used to dictate cascade results such as the presence of a bankruptcy, collections, or a recent foreclosure.
Speedy, Safe, and Secure
CIC Credit works with many top-tier lenders, banks, credit unions, and financial organizations to instantly return your orders online. We adhere to the highest standards of security and controls including those of the major credit repositories, PCI, SSAE 16, EI3PA, etc.
One Integration is All You Need
One single integration with CIC Credit’s popular SmartAPI connects you to all of CIC Credit’s mortgage service providers and verification services. A single XML request is all it takes to place multiple orders for the services needed by originators throughout the loan process. CIC Credit has designed SmartAPI using MISMO 3.4 and the Uniform Loan Application Dataset (ULAD) to make it easy for LOS who are integrated with Fannie Mae and Freddie Mac to reuse existing technology and minimize the effort to integrate.