New Site Interfaces with FHA TOTAL Scorecard
Loan-Score Decisioning Systems, an Irvine, Calif. mortgage decision software developer, launched a new Web site for mortgage bankers, community banks, credit unions, lenders and originators to connect to the Federal Housing Administration’s (FHA) Technology Open to Approved Lenders (TOTAL) Scorecard loan approval platform. Users create a Loanscorecard.com account to upload loan files into the TOTAL Scorecard Web interface to determine if a loan meets FHA criteria for underwriting. The new site follows the interfacing Loan-Score’s automated underwriting system (AUS) with TOTAL Scorecard earlier this year. “Loanscorecard.com 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. Write to Austin Kilgore.