Loanscorecard®

Description

• LoanScorecard offers lenders, bankers and credit unions quick, intuitive, automated underwriting solutions (AUS) designed to help manage current compliance regulations, mitigate risk and to access ability to repay (ATR) issues. Using current technologies, LoanScorecard develops innovative software engines that can work and operate within any major loan origination system (LOS) or accessed through a standalone browser or integrated into proprietary systems. LoanScorecards reports are arranged in an easy-to-read format clearly capturing how a given loan meets current underwriting and compliance guidelines.Products:With three dynamic AUS products currently available, LoanScorecard offers underwriters a wide-array of unique benefits and features like: QM Findings Report: Outlines if youre producing Qualified Mortgages under the new CFPB rules. Whether you will sell the loan to the secondary market or intend to hold it in portfolio, the QM Findings Report summarizes in seconds your entire loan while serving as part of the CFPB -required evidence of compliance you need to retain for three years. FHA Findings Report: Designed to maximize readability while aiding underwriters with their loan analysis. LoanScorecard offers FHA decisions at a fraction of the traditional cost of DU and LP. Portfolio Underwriter Engine: Lets you have visibility and assurance your loans are being underwritten consistently to your own ATR standards without the intentional or unintentional variance in credit decisions that can lead to fair lending violations or cause a loan to be unsellable in the secondary market. As a leading AUS solutions provider, LoanScorecard has currently generated over 1 million QM Findings Reports. LoanScorecard was the first commercially available AUS vendor to integrate with FHA TOTAL Scorecard offering lenders a cost-effective approach to render FHA decisions.
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  Headquarters:3240 El Camino Real Suite 220, Irvine, California, United States

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  Phone Number: +1 800-617-0892

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  Website: https://www.loanscorecard.com

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  Employees:16

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  Revenue:$1 - 10M

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  Legal Name:Loanscorecard®

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• |  NAICS Code: 511210  |

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