Loan-Score's Growth During Downturn Highlights New Focus on Origination Efficiency
Loan Score Decisioning Systems, a provider of enterprise-class automated underwriting solutions, said earlier this week that it had relocated its corporate headquarters -- to a larger facility. Company executives characterized the growth as a way to position the company for what it expects will be a flood of renewed demand for automated underwriting in the near future. "Loan-Score is strategically positioning itself to be at the forefront of an anticipated demand for sophisticated automated underwriting solutions when the industry stabilizes,” said William McCord, chairman and CEO at the Irvine, Calif.-based company. The key question, of course, is just how far off in to the future that sort of stabilization really is. And that's anyone's guess, sources suggest. Despite an uncertain recovery for originators, some origination-centric tech firms are still seeing growth; those firms that can help streamline operations, as well as those that focus on compliance and risk management on the front end of the origination process, are among the new breed of loan origination technology that's finding success in a changed market. Loan-Score was acquired in early March by BMC Software and Investments Inc., a Southeastern-based investment firm, and has been aggressively pursuing strategic partnerships as part of a strategy to gain market share in the crowded AUS market during the industry downturn. For more information, visit http://www.loan-score.com.