Loan-Score Introduces Walk Before You Run Decisioning Suite


New model allows lenders to start with low-cost product and pricing engine; later migrate to comprehensive decision management platform


IRVINE, CA, August 28, 2009 - Loan Score Decisioning Systems, an enterprise-class pricing and automated underwriting solutions provider, announced that it has launched a new solution suite to provide smaller lenders with the option to utilize various components of its decisioning platform in a modular fashion. In order to better accommodate the financial readiness and growth needs of lenders with different requirements, Loan-Score loosely coupled its decisioning platform into separate pieces. The suite is called Walk Before You Run, which allows lenders to first utilize Loan-Score's new SwiftPricer™ application, later transition to its PowerPricer™ standalone product and pricing engine (PPE), then migrate to its enterprise-class automated underwriting system (AUS) and finally take advantage of a seamless integration with the lender's back-office loan origination system (LOS).

"What this approach essentially does is separate our PPE from our AUS to allow lenders to start off with a simple pre-qual and pricing solution until they are ready to graduate to a more sophisticated solution," said Joe Bowerbank, SVP of marketing and strategic alliances at Loan-Score. "Previously, this functionality was coupled together, which meant they had to be implemented simultaneously thus resulting in a higher outlay of money. This forced us to turn down a lot of mortgage bankers because they were either too small or not yet ready to take advantage of the breadth of our full decisioning suite. Now, however, we are able to offer our Web-based PPE as a standalone application and at a competitive price. This allows us to effectively pursue this space and enables our clients to grow with us as long-term partners. It makes perfect sense for both the now and the future."

Loan-Score's new Walk Before You Run decisioning suite encompasses:

    1) SwiftPricer™: a low-cost solution that quickly determines pricing and eligibility based off a minimal set of data points for loan officers, brokers and consumers. SwiftPricer is placed on lenders' websites and does not require log in credentials for quick access by real estate professionals.

    2) PowerPricer™: a robust product and pricing engine which accompanies a customizable customer-facing Web portal that returns accurate pricing and eligibility. PowerPricer is a credentials-based solution that can be used as a standalone application or as integrated with the lender's back-office loan origination system (LOS) to populate pricing and other relevant data into the LOS.

    3) Enterprise AUS: combines Loan-Score's PPE and AUS to deliver a comprehensive, integrated decision management solution that ensures deals are fundable and profitable for LOs and brokers working with borrowers at the point-of sale. If lenders have not yet purchased a back-end LOS, designated back-office staff can reside on Loan-Score's underwriting workbench to manage loan files, clear conditions and communicate with LOs and brokers in real-time.

    4) LOS Integration: When lenders are ready, the platform can also can be seamlessly integrated with back-office LOSs in a real-time, bi-directional fashion, complete with population of the 1003, passing of loan details, pricing, rules-based conditions/stips, AU pre-approvals and other relevant data. This model combines Loan-Score's PPE, AUS and LOS integration to deliver streamlined decision management automation.

Company officials say that lenders are drawn to its Walk Before You Run model because it allows them to move to Loan-Score more advanced solutions as they are ready. As a result, organizations are able to avoid the future growth restraints that accompany a PPE.

Loan-Score will be offering demonstrations of its decisioning solutions at the 96th Mortgage Bankers Association Exposition and Conference in San Diego, October 11 - 13 at booth 340. Contact the company to arrange a discussion time at 623.693.1237.

About Loan-Score Decisioning Systems
Founded in 2000 and headquartered in Irvine, California, Loan-Score Decisioning Systems offers clients a full suite of decisioning solutions to satisfy their individual needs from small, medium and large production and servicing organizations. The modular suite includes a product & pricing engine (PPE), automated underwriting system (AUS), portfolio analysis engine, channel focused point-of-sale (POS) Web portals, a system-to-system integration bridge and more. Loan-Score maintains a comprehensive, up-to-date library of investor guidelines and pricing to ensure eligibility is met and market conditions are adjusted to deliver precision-based underwriting that results in fundable and saleable loans. Our solutions are engineered to deliver swift, cost-effective implementations that integrate with existing LOSs. Clients can choose between software-as-a-service (SaaS) and also self-hosted technology models. For more information, visit www.loan-score.com or call 949-450-0102. www.loan-score.com or call 949-450-0102.

CONTACT:
Joe Bowerbank
Loan-Score Decisioning Systems
949.378.9685