# Asset Prequalification
source: https://developer.mastercard.com/open-finance-us/documentation/products/lend/reports/prequal/index.md

## Overview {#overview}

The Asset Prequalification product provides insights into the
customer's assets and balances via a verification report. It differs
from a Verification of Assets report in that it doesn't have
transaction-level information.

Learn about Mastercard's [Assets and Balances](https://developer.mastercard.com/open-finance-us/documentation/products/lend/product-solutions/index.md#assets-and-balances)
products.

### Key Product Features {#key-product-features}

* **Account Owner:** See the listed account owner name and address to assist in fraud reduction
* **Assets Summary**: Provided as a balance summary across all accounts, and includes the current balance, the average 2-month daily balance, and the average 6-month daily balance
* **Data History** : Up to 24 months of transaction data based on availability from the FI. Length of history is customizable using the `fromDate` and defaults to 6 months

#### Additional Product Information {#additional-product-information}

* **Connected Accounts Summary:** Includes information such as the financial institution (FI) name, last four digits of the account number, account type, and balance
* **FI Certification Type** : Verification of Assets (VOA). Each FI goes through a certification process to make sure the right data is consistently provided to make the product successful. See [the list of certified FIs](https://developer.mastercard.com/open-finance-us/documentation/financial-institution/supported-institutions/index.md) for this product.
* **Report Generation Time (median):** Less than 25 seconds
* **Report Refreshes:** This report can be refreshed with new data as long as the accounts are still connected, and consent is active. Refreshes are provided at no cost within 60 days after the first report is created. A report pulled after this period will incur a new charge.
* **Supported Account Types**: Checking, Savings, Money Market, CD, Investment Account Types, Education Savings, Health Savings Account
* **Supported Report Format:** JSON and PDF

Note: This report may ONLY be furnished for a Fair Credit Reporting Act (FCRA) purpose such as credit, insurance, or employment, and only pursuant to a permissible purpose certification by the report user. Provision and use of this report is subject to all applicable obligations of the FCRA.

### Use Cases {#use-cases}

The Asset Prequalification product can be used for the following use
cases:

* Auto
* Credit Card Issuance
* Credit Line Management
* Customer / Portfolio Monitoring
* Debt Collection
* [Mortgage Lending](https://developer.mastercard.com/open-finance-us/documentation/usecases/mortgage-lending/index.md)
* Personal Financial Management
* Personal Lending
* Servicing
* Small and Medium Business
* Tenant Screening

## How it Works {#how-it-works}

### Prerequisites {#prerequisites}

This product is dependent on the customer linking their bank accounts via Data Connect. Refer to [Generating Reports](https://developer.mastercard.com/open-finance-us/documentation/products/lend/generating-reports/index.md) for more information.

* [Generate the required credentials](https://developer.mastercard.com/open-finance-us/documentation/quick-start-guide/index.md#generate-your-credentials)
* [Create Access Token](https://developer.mastercard.com/open-finance-us/documentation/quick-start-guide/index.md#step-1---create-access-token)
* [Create a customer record](https://developer.mastercard.com/open-finance-us/documentation/customer-records/index.md#active-customers)
* [Create a consumer record](https://developer.mastercard.com/open-finance-us/documentation/customer-records/index.md#consumers)
* [Generate a Data Connect URL](https://developer.mastercard.com/open-finance-us/documentation/connect/generate-2-connect-url-apis/index.md) and [link customer accounts](https://developer.mastercard.com/open-finance-us/documentation/connect/index.md#the-connect-flow)

### Generate Asset Prequalification Report {#generate-asset-prequalification-report}

To generate or refresh an Asset Prequalification report, use the
following endpoint:

API Reference: `POST /decisioning/v2/customers/{customerId}/preQualVoa`

The response will include the status of the report generation and a
report ID. A notification is sent when report generation is finished
(see [Report Webhooks](https://developer.mastercard.com/open-finance-us/documentation/webhooks/webhooks-report/index.md)).

#### Implementation Notes {#implementation-notes}

* Use the `fromDate` parameter to customize the transaction history included in the report, up to 24 months maximum. By default, 6 months of history will be aggregated as available.
* Customize which accounts are included in the report using the `accountIds` parameter. By default, the report includes all supported account types.
* If the Non-Sufficient Funds (NSF) information is not desired set the `showNsf` parameter to `false`.

### Get Asset Prequalification Report {#get-asset-prequalification-report}

Once the report is generated, retrieve the report using one of the Get
Report endpoints: [Get Reports](https://developer.mastercard.com/open-finance-us/documentation/products/lend/get-reports/index.md).

#### Example Report {#example-report}

The Get Report APIs response contains different data depending on the
type of report requested. The following example shows what a successful
JSON response could look like for this report. Examples are meant for
reference only and may lag production changes.

```json
{
  "id": "88w4fbssrbja-prequalvoa",
  "customerId": 1000006677,
  "requesterName": "Decisioning API",
  "endUser": {
    "name": "ABC Apartments",
    "address": "123 Main St",
    "city": "Murray",
    "state": "UT",
    "zip": "84123",
    "phone": "555-2106",
    "email": "customerservice@example.com",
    "url": "example.com"
  },
  "requestId": "sfb7xacr9w",
  "type": "preQualVoa",
  "status": "success",
  "createdDate": 1588350269,
  "constraints": {
    "accountIds": [
      "1000535275",
      "1000535276"
    ],
    "fromDate": 1577986990,
    "reportCustomFields": [
      {
        "label": "loanID",
        "value": "12345",
        "shown": true
      },
      {
        "label": "trackingID",
        "value": "5555",
        "shown": true
      },
      {
        "label": "loanType",
        "value": "car",
        "shown": false
      },
      {
        "label": "vendorID",
        "value": "1613aa23",
        "shown": true
      },
      {
        "label": "vendorName",
        "value": "PSC Finance",
        "shown": false
      }
    ],
    "showNsf": false
  },
  "customerType": "active",
  "title": "Asset Ready Report (CRA)",
  "startDate": 1572625469,
  "endDate": 1588350269,
  "days": 230,
  "seasoned": true,
  "consolidatedAvailableBalance": 1929.57,
  "portfolioId": "0whcism47a34-5-port",
  "consumerId": "ac39e237c7619a4ecf014b8d399c0696",
  "consumerSsn": "6789",
  "disputeStatement": "Invalid data present.",
  "institutions": {
    "id": 101732,
    "name": "FinBank",
    "urlHomeApp": "https://finbank.prod.fini.city/CCBankImageMFA/login.jsp",
    "accounts": {
      "id": 1000023996,
      "number": "1111",
      "ownerName": "JOHN DOE",
      "ownerAddress": "924 GAINSVILLE HIGHWAY SUITE 130 BUFORD, GA 30518",
      "ownerAsOfDate": 1588350276,
      "name": "Checking",
      "type": "checking",
      "aggregationStatusCode": 0,
      "balance": 501.24,
      "balanceDate": 1588350276,
      "averageMonthlyBalance": 501.02,
      "totNumberInsufficientFundsFeeDebitTxAccount": 0,
      "totNumberInsufficientFundsFeeDebitTxOver6MonthsAccount": 0,
      "totNumberDaysSinceMostRecentInsufficientFundsFeeDebitTxAccount": 120,
      "transactions": [],
      "asset": {
        "type": "checking",
        "availableBalance": 1000,
        "currentBalance": 1000,
        "twoMonthAverage": -1865.96,
        "sixMonthAverage": -7616.01,
        "beginningBalance": -17795.6
      },
      "details": {
        "interestMarginBalance": -50000,
        "availableCashBalance": 1500,
        "vestedBalance": 300000,
        "currentLoanBalance": 0,
        "availableBalanceAmount": 1000
      }
    }
  },
  "assets": {
    "currentBalance": 1000,
    "availableBalance": 1000,
    "twoMonthAverage": -1865.96,
    "sixMonthAverage": -7616.01,
    "beginningBalance": -17795.6
  }
}
```

A human-readable PDF version of the report is available which is great
for underwriters or any other manual viewing of the report.

How to read an Asset Prequalification report:
[Prequalification_Report_HTR.pdf](https://static.developer.mastercard.com/content/open-finance-us/uploads/reports/lend/Prequalification_Report_HTR.pdf) (1MB)

## Testing {#testing}

Refer to [Generating Reports -- Testing](https://developer.mastercard.com/open-finance-us/documentation/products/lend/generating-reports/index.md#testing).
Ensure you use a test profile that contains supported account types such
as [Profile_03](https://developer.mastercard.com/open-finance-us/documentation/integration-and-testing/test-the-apis/index.md#oauth-connection-profiles).