SOURCE: Loan-Score

October 21, 2009 08:13 ET

Loan-Score Launches to Underwrite FHA Loans

New Standalone Web Portal Interfaces With FHA TOTAL Scorecard

IRVINE, CA--(Marketwire - October 21, 2009) - Loan-Score Decisioning Systems, a leader in enterprise-class decision management solutions, today announced it has officially launched for mortgage bankers, community banks, credit unions, lenders and originators to connect to the Federal Housing Administration's (FHA) TOTAL Scorecard loan approval platform. The new Web site seamlessly interfaces with Scorecard to offer users an easy, efficient and cost effective automated FHA underwriting experience.

Earlier this year Loan-Score interfaced its automated underwriting system (AUS) with FHA TOTAL Scorecard, which was initially added as functionality to Loan-Score's existing decisioning suite. The launch of, however, now allows the entire mortgage industry to utilize the portal as a standalone application to decision and underwrite FHA loans, complete with conditions and an FHA certification that the home ownership centers (HOCs) will accept and review to insure.

The site allows lenders, loan officers and brokers the ability to create an account, upload a 1003, pull/re-pull credit, instantly return underwriting decisions on FHA loans and manage their FHA pipeline. The primary value in is that users pay only a fraction of the typical cost to automatically return eligibility.

Earlier this year, Mortgage Technology magazine named Loan-Score a finalist for its annual Fix It award as a result its new interface to FHA TOTAL Scorecard. Initially, the interface was first offered via the purchase of Loan-Score's AUS, but can now be utilized on a per loan submission basis by simply creating an account with This variable cost model allows users to utilize the site on an as needed basis, which keeps upfront and reoccurring costs very low.

" serves the gamut of mortgage bankers, community banks, credit unions, lenders and originators to conveniently and cost effectively decision FHA deals using our portal's interface with Scorecard," said Joe Bowerbank, senior vice president of marketing at Loan-Score. "What we're providing is an attractive industry-wide alternative to using other FHA decisioning options." functionality allows users to:

-- Create a account

-- Upload a 3.2 file or manually enter 1003

-- Enter a case number, lender ID; or if a TPO, a sponsor ID

-- Pull or re-pull a tri-merged credit report

-- Determine eligibility along with all conditions

-- If eligible, the site returns a certification that can be sent to the HOCs for insurance

-- Manage LO/broker's FHA pipeline

-- View full 1003, credit reports and FHA certifications

Loan-Score held demonstrations of the new site at this year's 96th Annual Mortgage Bankers Association Exposition and Conference in San Diego, October 11 - 13 in its booth. The company can be contacted for follow up demos at 623.693.1237.

About Loan-Score

Founded in 2000 and headquartered in Irvine, California, Loan-Score Decisioning Systems offers clients a full suite of decisioning solutions to satisfy their individual needs from small, medium and large production and servicing organizations. The modular suite includes a product & pricing engine (PPE), automated underwriting system (AUS), portfolio analysis engine (PAE), channel focused point-of-sale (POS) Web portals, a system-to-system integration bridge and more. 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 and saleable loans. Our solutions are engineered to deliver swift, cost-effective implementations that integrate with existing LOSs. Clients can choose between software-as-a-service (SaaS) and self-hosted technology models. For more information, visit or call 949-450-0102.

Contact Information

    Joe Bowerbank
    Loan-Score Decisioning Systems
    Email Contact