LoanScorecard is the leading provider of non-agency and portfolio automated underwriting, eligibility, income analysis and loan-loss reserve calculation solutions. These solutions help financial institutions, mortgage issuers and lenders meet today’s regulatory challenges, capitalize on market opportunities and address inefficiencies and inconsistencies experienced in originating and underwriting non-QM loans. LoanScorecard’s technology solutions have been adopted by industry-leading, non-agency lenders, secondary market investors and financial institutions for their retail, wholesale and correspondent divisions. LoanScorecard’s technology provides efficient, consistent results at the point of sale all the way through underwriting by delivering the same value to the non-agency lending process that the GSEs provide for agency loan programs with their automated underwriting systems.
- It currently serves 10 of the top 50 lenders, along with a large cross section of banks and credit unions, who rely on their technology to increase efficiency.
- The Bank Statement Analyzer solution helps originators source bank statement data directly from original sources, reducing underwriting times and increasing clarity for these types of loans by 80%.