Prequalification Data

Qualify Customers in Seconds, Not Days

AI-powered dispute engine that automates the tedious work, accelerates results, and scales your business without hiring more staff.

Book a Demo See How It Works

The Problem

Slow Qualification = Lost
Customers

For Customers:

Wait days for approval decisions
Fill out lengthy applications
Get frustrated and abandon
Apply with faster competitors

For Your Business:

High application abandonment rates
Manual review bottlenecks
Inconsistent qualification decisions
Lost revenue to faster competitors

For Your Team:

Manual credit review takes hours
Inconsistent qualification criteria
Can't scale without hiring
No real-time data for decisions

How It Works

Instant Qualification Powered By Real-Time Credit Data

Make faster, more accurate lending decisions automatically.

Step 1

Customer Applies

Customer enters basic information (name, SSN, DOB, address). Simple, fast application flow.

Step 2

Real-Time Credit Pull

Altara pulls credit data in real-time (soft pull or hard pull based on your preference). Vantage Score 3.0

Step 3

Intelligent Qualification

Your custom qualification rules engine evaluates: Credit score thresholds, Debt-to-income ratios, Payment history, Credit utilization, Derogatory items, Account age and mix

Step 4

Instant Decision

Customer gets instant approval, conditional approval, or decline. Total time: 5-30 seconds.

Key Features

Everything You Need For Smart, Fast Qualification

We're constantly pushing the boundaries of what's possible with credit data and AI.

Real-Time Credit Data

Pull credit reports instantly from Equifax (1B) or all three bureaus (3B). No delays, no batch processing.

Custom Rules Engine

Build qualification logic tailored to your business. Set score thresholds, DTI limits, and custom criteria.

Soft Pull & Hard Pull Options

Choose soft pulls for prequalification (no credit impact) or hard pulls for final approval. You control the workflow.

Multi-Tier Qualification

Create multiple tiers: Approved, Conditionally Approved, Manual Review Required, Declined. Route appropriately.s

Instant Decision API

Integrate qualification into your application flow via REST API. Get decisions in real-time with webhook notifications.

Compliance Built-In

FCRA permissible purpose enforcement, consent management, and adverse action workflows included.

Qualification Rules

Flexible Rules
For Any Lending Product

Auto Loans

Minimum credit score: 620
Maximum DTI: 45%
No bankruptcies in past 7 years
No active collections over $1,000

Mortgage

Minimum credit score: 680 for conventional
Maximum DTI: 43%
No late payments in past 12 months
Minimum 2 years credit history

Personal Loans

Minimum credit score: 600
Maximum DTI: 50%
Active credit account required
No open bankruptcies

Credit Cards

Minimum credit score: 660
Credit utilization under 50%
No accounts in collections
At least 1 active tradeline

You Control The Rules: Build any qualification logic you need. Update rules instantly without code changes.

The Right Pull

Soft Pull Vs Hard Pull

Choose the Right Pull for Each Stage

Soft Pull

Prequalification

No impact on credit score
Used for initial qualification
Customer shopping/browsing phase
Can pull multiple times
Good for lead generation

Hard Pull

Final Approval

Impacts credit score
Used for final approval
Customer ready to proceed
Once per application
Required for actual lending

Integrations

Integrate However You Want

Whether you need speed, flexibility, or both, we've got an integration that works for you.

Option 1

White-Label Application

Use Altara's pre-built application flow. Customers apply through your branded interface. Qualification happens automatically.

Option 2

API Integration

Build custom application flows. Call Altara's Qualification API. Get instant decisions. Full control over UX.

Option 3

Hybrid Approach

Use our white-label flow for speed, customize with API for specific use cases. Best of both worlds.

Use Cases

Built For Lenders Across Industries

Mortgage Lenders

Pre-qualify home buyers instantly. Show them estimated rates and terms based on real credit data. Convert more leads.

Auto Lenders

Qualify car buyers at the dealership in seconds. Speed up financing. Close deals on the lot.

Personal Loan Platforms

Instant approval decisions for personal loans Reduce abandonment Increase conversion from application to funding.

Fintech Credit Products

Qualify users for credit cards, lines of credit, or BNPL instantly. Embed qualification in checkout flows.

Conversion Benefits

Faster Qualification = Higher
Conversion

Traditional
Qualification Process:

Application to decision: 24-72 hours
Application abandonment: 40-60%
Customer frustration: High
Competitive loss: 30-40%

Altara Prequalification

With Altara Prequalification:

Application to decision: 5-30 sec
Application abandonment: 10-20%
Customer satisfaction: High
Competitive advantage: Significant

Result: 2-3x improvement in application-to-approval conversion rates.

Adverse Action Compliance

FCRA Compliance Built Into Every Decision

When you decline applicants, FCRA requires adverse action notices. Altara handles this automatically:

Automated Adverse Action:

Automatically generates adverse action letters
Includes required disclosure information
Lists reasons for decline
Sends via email or mail
Tracks delivery and compliance

Permissible Purpose Enforcement:

All credit pulls require documented permissible purpose. We enforce this at the API level.

Consent Management:

Built-in consent capture and documentation. Audit trail for compliance reviews.

API Documentation

Developer-Friendly Qualification API

API Capabilities:

Endpoints:

POST/api/qualification/soft-pull
POST/api/qualification/hard-pull
GET/api/qualification/{id}/decision
POST/api/qualification/rules

Request Example:

Json

{"firstName": "John", "lastName": "Doe", "ssn": "XXX-XX-XXXX", "dob": "1990-01-01", "address" : {...}, "pullType": "soft", "productType": "auto_loan" }

Response Example: