Software Scaled Down for Small Lenders
Irvine, Calif.-based Loan Score Decisioning Systems launched a decision and pricing software suite geared toward smaller lenders. Walk Before You Run gives small lenders access to scaled-down versions of Loan Score Decisioning Systems’ product and price engine, automated underwriting system and loan origination system. As a lender increases its mortgage volume, full versions of the software can be integrated into a lender’s system. “What this approach essentially does is separate our [product and price engine] from our [automated underwriting system] to allow lenders to start off with a simple pre-qual and pricing solution until they are ready to graduate to a more sophisticated solution,” said Joe Bowerbank, SVP of marketing and strategic alliances at Loan-Score. Write to Austin Kilgore.