SOURCE: Loan-Score Decisioning Systems

November 27, 2007 08:17 ET

Loan-Score AUS Platform Adds Direct System-to-System Integration With Fannie Mae's Desktop Underwriter

IRVINE, CA--(Marketwire - November 27, 2007) - Loan-Score Decisioning Systems LLC, an emerging leader in enterprise-class automated underwriting solutions for lending institutions, announced that it has established a seamless integration with Fannie Mae's Desktop Underwriter® from its automated underwriting platform.

Loan-Score's automated underwriting system (AUS) empowers lenders to instantly determine accurate product eligibility, pricing and complex underwriting for all types of loan products. The new integration with Desktop Underwriter significantly bolsters Loan-Score's value proposition for the underwriting of conforming, FHA and other government loans by adding embedded functionality that directly incorporates DU® findings into the Loan-Score pricing and AU decision.

The integration with Desktop Underwriter also allows lenders to access FHA TOTAL Mortgage Scorecard, the Federal Housing Administration's AUS. Through DU's integrated access to FHA TOTAL Mortgage Scorecard, Loan-Score's multi-layered risk model functionality evaluates and incorporates TOTAL Scorecard's results into its proprietary AUS for the underwriting of FHA loans.

"The completion of this tight integration with Desktop Underwriter establishes a significant advantage for our customer base given the swift shift in investor appetites for conforming and government loans," said Scott Burgess, president of Loan-Score. "Simply put, it offers their brokers and loan officers newfound convenience and ease of use when underwriting conventional and government loans. What's more, because Loan-Score's AUS retrieves and stores the actual DU findings data, along with the unique Fannie Mae Casefile ID, our clients are able to sell this loan to Fannie Mae approved seller-servicers."

David Colwell, director of strategic solutions at Loan-Score, commented: "Our tight integration into Desktop Underwriter at the point-of-sale will help customers increase speed of decisioning and elevate borrower service. What we've basically done is created one-stop-shop integrated access to multiple AUSs via a single, centralized automated underwriting platform. At the end of the day, this helps our clients better compete in a tough mortgage market."

Loan-Score offers its solution as a standalone enterprise AUS platform, or components can be coupled with the company's retail, wholesale and conduit solutions to deliver best-fit products and pricing, credit pulls or re-pulls, debt management, complete pipeline visibility and updated loan status.

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 or call 949-450-0102.

Contact Information

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