Integration with Desktop Underwriter®
As investors' appetites quickly shifted from nonprime and Alt-A loans to pure agency paper, lenders have had to adjust their business models and invariably the supporting technology to accommodate a rapidly changing lending landscape. In a tough market, excellence in service and ease of doing business are important differentiators to earn business, and lenders must be able to return eligible products, accurate pricing and underwriting for conventional loans. The multi-layered risk analysis functionality in Loan-Score's AUS is able to incorporate and evaluate the findings of other AUSs such as Fannie Mae's Desktop Underwriter into its own system --- complete with conditions/stips. And, lenders can also access the FHA's AUS, TOTAL Scorecard. While working in Loan-Score's application, lenders are able to pre-qual borrowers and conveniently submit to DU for approval --- and with just the click of a button, Loan-Score's AUS calls DU's engine, and instantly returns the results into Loan-Score's engine. As a result, lenders do not have to shift gears and go to DO or another application. Simply put, Loan-Score's AUS creates one-stop-shop integrated access to multiple AUSs via its centralized automated underwriting platform. To learn more, Click Here to download The Mortgage Broadcast Network's (MBN) podcast interview with Loan-Score's Joe Bowerbank.To read the press release, Click Here.
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