SOURCE: Loan-Score Decisioning Systems LLC

November 08, 2007 10:50 ET

Loan-Score Decisioning Systems Integrates With PCLender

Seamless Automated Underwriting Services Accessible Through Enterprise LOS

IRVINE, CA--(Marketwire - November 8, 2007) - Loan-Score Decisioning Systems LLC, an emerging leader in enterprise-class automated underwriting solutions for lending institutions, has completed a comprehensive, seven-point integration with PCLender, a Web-based software and service solution provider for mortgage bankers. The integration provides PCLender's client base with seamless access to Loan-Score's automated underwriting system (AUS) directly from its loan enterprise lending platform.

Loan-Score's AUS delivers instant product eligibility, pricing and automated underwriting approvals complete with all possible conditions to the point-of-sale (POS) for the wholesale, retail and correspondent/conduit lending channels. Once a 1003 is entered into Loan-Score's system and the loan is decisioned, data elements are automatically matched and populated into the appropriate fields in PCLender's LOS, thus eliminating the need to re-key data and reducing costly errors. The integration also allows for the flow of loan-level details and real-time status between back-end processing staff and loan officers at POS Web portals.

"In today's volatile mortgage market it is pivotal that lenders accurately price and underwrite loans of high quality," said Scott Burgess, president of Loan-Score. "Whether evaluating A, B or C paper, the tight integration between our AUS and PCLender's enterprise lending platform offers its users assurance that their loan was approved in accordance with ever-changing secondary market conditions and investor guidelines. While there are many product and pricing engines available on the market today that purport to offer AU, the vast majority of them do not come close to returning the complex, layered-risk analysis required of a true automated underwriting solution. The use of Loan-Score's AUS through PCLender ensures that loans unequivocally meet the many nuances of investor guidelines to find best-fit homes for loans, and that those loans are not later kicked back by highly discriminating investors on a trivial technicality."

"Expert underwriting is inseparable from quality lending, especially at a time when loan files are under close scrutiny and compliance is increasingly complex," said Lionel Urban, president of PCLender. "Loan-Score's advanced AUS solution adds value to our customers who want to take advantage of true automated underwriting integrated directly from our loan processing system. The professional credit policy team at Loan-Score does an expert job of updating constantly changing investor guidelines and rates to ensure elevated quality control measures. We are pleased to make Loan-Score available to our growing client base."

The new integration also allows lender-controlled levels of information and pipeline visibility to easily be displayed for production staff using Loan-Score's broker, retail or correspondent/conduit portals.

About Loan-Score Decisioning Systems

Founded in 2000 and headquartered in Irvine, California, Loan-Score Decisioning Systems, LLC offers a true, enterprise-class AUS and product/pricing engine available on a software-as-a-service (SaaS) and also a self-hosted basis for all lending channels and product types. 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 loans. The company's solutions are engineered to deliver swift, cost-effective implementations that integrate with existing LOSs and avoid inflexible programming efforts and high maintenance costs. Through Loan-Score's unique approach to customer service, the company's on-demand SaaS model offers clients the option to utilize its extensive library of investor guidelines, or the ability to manage unique program guidelines themselves. Loan-Score's solutions are in production with small, medium and large lending institutions. For more information, visit www.loan-score.com or call 949-450-0102.

About PCLender

PCLender.com provides web based software and services solutions to mid-sized mortgage bankers. Its mission is to empower lenders to deliver expert mortgage banking services while delivering the highest quality loan product both to the consumer and the capital markets. PCLender.com believes that expertise and quality lending practices equate to the highest level of success for lenders, and our systems and solutions are designed to help them. Built with increasing compliance and security requirements in mind, the PCLender.com fully hosted enterprise mortgage lending platform, InHouse Mortgage, integrates the functionality of up to eight different systems, offers guaranteed on time implementation, and ensures a best-of-breed experience end-to-end. Its browser-based thin-client architecture secures data at the server, away from laptops and storage devices -- allowing mortgage bankers to sleep at night. PCLender.com maintains a secure SAS70 certified data center and operations, and includes security and access rights management tools in its platform. Low upfront costs and transaction-based pricing help eliminate traditional "barriers to entry" for mortgage bankers seeking business process improvements on par with the Fortune 500.

Contact Information

  • CONTACT:
    Joe Bowerbank
    Loan-Score Decisioning Systems, LLC
    949.450.0102, ext. 20
    Email Contact