Items Tagged with 'LoanScorecard'

ARTICLES

  • LoanScorecard launches new solution

    SimpleCECL utilizes Andrew Davidson & Co’s credit and prepayment model
    LoanScorecard announced it launched a new solution designed to provide loan-level analyses for current expected credit loss provisioning reserves. The company explained SimpleCECL will replace the current “incurred loss” model and goes into effect in 2020 for SEC-filing institutions and 2021 for all other financial institutions.
    Read More
  • Deephaven Mortgage launches new non-QM tool with LoanScorecard

    The new tech will smooth out the origination and qualification processes for non-QMs
    Deephaven Mortgage is launching a non-qualified-mortgage point-of-sale/pre-qualification tool called IDENTI-FI AUS to simplify the origination and qualification processes for Non-QMs. Now is a good time to be an originator in the Non-QM as Non-QM lending has been enjoying a big uptick in popularity this year, more than doubling production this year, according to LoanScorecard’s statement.
    Read More
  • From HW Magazine

    Portfolio Underwriter automates non-agency loans

    LoanScorecard’s solution empowers the non-QM market
    Automating the underwriting process has been one of the biggest leaps forward in the modern mortgage era, ensuring consistent, fair and safe lending after the financial crisis. But the many benefits of using automated underwriting systems — required for agency loans —haven’t been affordably available for lenders and investors who keep loans in portfolio. For those non-agency loans, many financial institutions are still relying totally on a manual process, which increases risk and leaves many high-quality lending opportunities on the table.
    Read More
  • LoanScorecard hires new digital mortgage strategist

    Raj Parekh will strengthen company's technological reach
    LoanScorecard, a decision management solution provider, announced Tuesday that Raj Parekh joined the company as its new digital mortgage strategist. The company hopes to tap into the technological needs of millennials navigating the housing market.
    Read More
  • Q&A: LoanScoreCard’s Ben Wu on the rise of non-QM lending

    Lending outside of the qualified mortgage box
    In a Q&A with HousingWire, Ben Wu, executive director of LoanScorecard, discusses the recent surge in non-agency/non-QM mortgage lending, the challenges in that market and how technology can be utilized to help lenders with these challenges. As Wu points out, “With more than 20 million sole proprietors in the U.S., there is pent-up demand for mortgage product that can accept income documentation other than the 'Appendix Q' requirement of QM loans.”
    Read More