SOURCE: Loan-Score Decisioning Systems

September 16, 2008 08:13 ET

Capital Direct Financial, Inc. Goes Live With Loan-Score's Product & Pricing Engine, Automated Underwriting System and Broker Portal

Wholesale Mortgage Banker Rolls Out Web-Based Point-of-Sale Decisioning Solution to All Its Mortgage Business Channels

IRVINE, CA--(Marketwire - September 16, 2008) - Loan Score Decisioning Systems, an enterprise-class pricing and automated underwriting solutions provider, announced that Capital Direct Financial Inc. has gone live with Loan-Score's product eligibility and pricing engine (PPE), automated underwriting system (AUS) and broker portal. The solution will maximize Capital Direct's loan profitability, reduce cycle times, manage risk, deliver best execution and create overall underwriting efficiencies.

Loan-Score's solution will also integrate with ProLender, Capital Direct's back-office loan origination system (LOS). The integration allows for the transparent bi-directional flow of automatic status updates between the two systems complete with real-time loan-level details and conditions management. As a result, the communication gap is bridged between brokers, underwritings processors and account executives.

"We tried using two different PPE vendors in the past, but neither was able to deliver the depth of value that Loan-Score's combined PPE and AUS solution brings to our loan officer network, realtors, brokers, banks and credit union partners," said Jerry Poole, vice president of Capital Direct Financial. "When we saw the level of sophistication in Loan-Score's solution, we knew it would take our service to the next level and earn us more business from all business channels. Cementing our decision to sign with Loan-Score was their ability to integrate with ProLender so our brokers have full visibility into where loans are at with our operations staff. Most POS and LOS integrations today are just slow batch pushes of data, not an automatic exchange of valuable, time sensitive information."

"In today's tough mortgage market, delivering exceptional service is paramount to sustaining and growing a lender's volume," said David P. Colwell, executive vice president at Loan-Score. "Using our integrated decisioning solution, Capital Direct will save their brokers time and increase their pull through rate by instantly letting users know if a deal will work while talking to borrowers at the point-of-sale. The Loan-Score solution establishes a level of service that makes them a much more attractive lender to do business with."

Loan-Score will be offering demonstrations of its best-of-breed decisioning solutions at the 95th Mortgage Bankers Association Exposition and Conference at Moscone Center in San Francisco, October 19 - 22, in booth 330. Contact the company to arrange a discussion time at 949.450.0102, ext. 226.

About Capital Direct Financial, Inc.

California-based Capital Direct Financial, Inc. was founded in 2006 and is one of the nation's fastest growing wholesale mortgage lenders. They combine state of the art technology with exceptional client support. Located in Rancho Santa Margarita, CA, Capital Direct Financial processes loans on a wholesale basis and offers a full range of GSE, FHA and VA real estate secured mortgage loan products. Capital Direct's retail division is committed to providing their borrowers with extraordinary products and service specifically designed to provide the best options available in today's mortgage market. For more information, call (866) 635-7911, extension 210 or visit www.cdfi-us.com.

About Loan-Score Decisioning Systems

Founded in 2000 and headquartered in Irvine, California, Loan-Score Decisioning Systems, offers a true, enterprise-class AUS and PPE available on a software-as-a-service (SaaS) and also a self-hosted basis for all lending channels and product types. The company extends various functionality to the point-of-sale using its customer-facing 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 result 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. Loan-Score offers clients the option to either manage pricing, guidelines and rules in-house with their own staff, or they can outsource the onus of this burden to its managed services team to ensure precision-based accuracy. For more information, visit www.loan-score.com or call 949-450-0102.

About ProLender Solutions, Inc.

Headquartered in San Diego, California, ProLender Solutions specializes in premier software solutions for the mortgage lending industry. Their flagship product, ProLender, is an affordable alternative to spreadsheets and manual systems as well as expensive legacy systems. The ProLender system incorporates all of the lending functions into one workflow system with built-in business rules that streamlines the mortgage lending process allowing you to close more loans faster. Unparalleled customer service and decades of accumulated mortgage industry experience makes ProLender the solution choice of small and medium lenders. For more information please visit our website at www.prolender.com or call 619-258-3595.

Contact Information

  • CONTACT:
    Joe Bowerbank
    Loan Score Decisioning Systems
    949.450.0102, ext. 204
    Email Contact