PASS® PreQual

Benefits

PASS PreQual is your loan pre-qualification solution, giving you a brief valuation report that provides a high level indication of whether a given property has enough equity to qualify for one or more mortgage programs or if more due diligence is needed.

PASS PreQual is one of the most cost-effective methods for pre-qualifying potential customers, and matching them to the appropriate products.

Benefits

Prequalify Prospects

PreQual minimizes your loan screening costs by providing your loan agents with a brief valuation report to help them quickly prequalify potential prospects.

Cost-Effective

PreQual gives you access to PASS technology and accuracy at a fraction of the cost; allowing you to minimize your pre-qualification processing costs.

Streamline Business Practices

PreQual increases your operating efficiencies by allowing you to quickly identify loan applications where the borrower has significant equity.

Up-to-Date

Results are generated using frequently updated public record data, ensuring valuation results are based on the most current information available.

Comprehensive

PreQual provides expansive property type coverage including single-family detached properties, single-family attached properties, condominiums, townhouses and duplexes.

Owner Verification

PreQual confirms the owner of record; it is also able to value properties when key property-specific characteristics, such as square footage and lot size data, are not reported.

The PASS PreQual report delivers decision-making information.

• Full address details and property owner confirmation
• The subject’s most probable selling price (market value) as well as the highest and lowest reasonable price

The most current and accurate property and ownership information.

First American CoreLogic is the nation’s largest collector and provider of real estate focused public record information. We collect data on more than 100 million properties annually. Our national coverage extends to more than 97 percent of all transactions in the U.S., reporting on more than 2,500 counties and growing. Our data coverage coupled with the Pass PreQual engine is just another tool to assist you with your loan processing needs.