Avista Solutions‘ automated underwriting system is now interfaced with the Federal Housing Administration’s (FHA) Technology Open to Approved Lenders (TOTAL) Scorecard platform, allowing lenders that use Avista’s software to speed up FHA approvals. FHA-approved Avista users enter the borrower’s data into the underwriting software, and it is directly transferred to the TOTAL Scorecard, where it is automatically evaluated for a risk classification of “approve” if it’s accepted or “refer” for manual underwriting. “The lending community understands the benefits of technology and process automation better now than ever before,” said Avista CEO Mark Phlieger. He added: “FHA has a redefined mission these days and we are preparing for the technology innovations to come that will make dealing with HUD faster, easier and more efficient. Making the TOTAL Scorecard seamlessly available to our users is just the first step in that journey.” Write to Austin Kilgore.
Avista Platform Automates FHA Underwriting Approval
Most Popular Articles
Latest Articles
Spring housing market gets more inventory
We’ve now had back-to-back weeks of healthy housing inventory growth, making spring 2024 much healthier than spring 2023.
-
The best real estate podcasts for agents and brokers in 2024
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program