SOURCE: Loan-Score Decisioning Systems

December 13, 2007 08:26 ET

American Guaranty Mortgage Implements Loan-Score's Enterprise AUS

Rapid Implementation Automates Mortgage Banker's Retail Business and Helps Launch New Consumer Direct Channel

IRVINE, CA--(Marketwire - December 13, 2007) - Loan Score Decisioning Systems LLC, an emerging leader in enterprise-class automated underwriting solutions, announced that American Guaranty Mortgage Inc. (AGM), a national retail and consumer direct lender, has gone live with Loan-Score's enterprise automated underwriting system (AUS) and PowerPricer™ product-pricing engine (PPE). The system will house all of AGM's products for its retail business and will also help launch its consumer direct lending channel.

"We evaluated a number of different point-of-sale AU systems on the market, but the vast majority of them were merely product and pricing engines that lacked comprehensive credit analytics and thus true automated underwriting capability," said Matt Klaess, CEO of American Guaranty Mortgage. "Loan-Score's AUS evaluates and interprets every single credit parameter on multiple borrowers' 1003s, effectively adhering to guidelines and accurately assesing risk. "What's more, we were under some tight deadlines to get a solution implemented, and Loan-Score's client servcies team responded by quickly implementing our custom programs and pricing in a workflow specific to AGM's unique business model, and they got it done in a matter of days. We were extremely impressed considering the level of sophistication and functionality the system has."

AGM will utilize Loan-Score's experienced team of credit policy analysts to maintain its programs and guidelines on a managed services basis to ensure precision-based accuracy levels. Loan-Score's software-as-a-service (SaaS) model allows AGM to benefit from an enterprise-class AUS platform in a cost effective manner with little to no IT infrastructure. As a result, AGM will be able to focus on honing front-end sales and marketing execution without the need to invest in cost prohibitive technology.

"This challenging mortgage market has been driving lenders to rapidly improve their business models, product mixes and supporting technology," said Scott Burgess, president of Loan-Score. "The days of heavy capital outlays and long implementation periods are gone. In order to prosper, or even just to survive in this market, lenders desperately need systems that are accurate, cost-effective and quick to implement. Unequivocally, SaaS is beginning to prove itself as what will become the dominant model across financial services for both POS and LOS technology, thus replacing antiquated legacy systems."

About American Guaranty Mortgage

Colorado-based American Guaranty Mortgage, Inc. is a future-focused mortgage banker committed to helping borrowers get into the homes of their dreams ethically. We place the highest standards on our experienced loan officers that are empowered with the right information and solutions to help our customers achieve their goals. AGM guarantees its service and products, which is backed by renowned consumer advocacy specialists, Tom Martino, who offers consumers an on-demand troubleshooter network direct from our website. AGM is constantly improving its service to borrowers by increasing speed, efficiency and elevating the overall customer experience. Simply put, we use technology coupled with great people to enhance our customer's experience in an effort to keep them coming back. AGM serves the retail, consumer direct and reverse mortgage lending spaces. Contact us at 303-577-4987 or visit our website

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. The company also extends various functionality to the point-of-sale using its Web portals. 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 or call 949-450-0102.

Contact Information

    Joe Bowerbank
    Loan Score Decisioning Systems, LLC
    949.450.0102, ext. 20
    Email Contact