Credit Bureau Integration

Suntell is pleased to release new Credit Bureau Integration functionality with the latest release of the LMS.  This feature will allow the end user to retrieve a Credit Bureau Report from within the LMS as a part of the workflow and then also programmatically return summary data and place it side-by-side with Personal Financial Statement data for quick comparison, thus aiding the end user in identifying discrepancies between information on record and information personally reported to the lending institution.

Regulators are placing more emphasis on the analysis of financial health/performance of borrowers and guarantors. Lenders should not only be spreading and analyzing the financials of non-natural person borrowers, but also should be focusing on the natural persons behind those entities. This analysis should include receipt and spreading of a Personal Financial Statement from these persons and also a review of the data on record with the credit bureau by virtue of pulling a Credit Bureau Report.

Suntell will be using a third party (SharperLending) to assist with the retrieval of information from the Credit Bureau agencies.  Your institution would need to enter into an agreement with SharperLending to utilize this feature.  Once this is done, a credit report will be obtained through SharperLending when requested and placed into a Reconciliation grid for comparison to the data of the Personal Financial Statement.  The amount of Debt Service reported by the borrower can then be adjusted with by the Lender on the Form 1040 to calculate a Traditional Debt Service Coverage Ratio.

For more information, please watch the recording of our most recent Lunch & Learn session or email us at

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How does a loan origination system work?

An LOS is defined as a system that automates and manages the end-to-end steps in the loan process – from the application, through underwriting, approval, documentation, pricing, funding, and administration.

What is the difference between loan origination and underwriting?

A loan officer is someone who works for a bank or credit union or other financial institution and offers loans to borrowers, while an underwriter is someone who analyzes documents from potential borrowers to determine if they are eligible for a loan.

What are the benefits of loan origination software?

By now, lenders are well versed in the benefits of a digital loan origination system, such as: Providing borrowers with easy, streamlined, and digital applications. Providing bankers with automating spreading and financial analysis tools.