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November 30, 2007
Loan-Score Uses DU to Access FHA
Loan-Score Decisioning Systems LLC, has announced the integration of its automated underwriting platform with Fannie Mae's Desktop Underwriter. The company said the integration offers instant and accurate determination of "product eligibility, pricing, and complex underwriting for all types of loan products." Particularly noteworthy, the company said, is that the DU integration also allows lenders to access the Federal Housing Administration's AU system, TOTAL Mortgage Scorecard for the underwriting of FHA loans. Because Loan-Score's AUS retrieves and stores the actual DU findings data, along with the unique Fannie Mae Casefile ID, Loan-Score said its clients are enabled to sell to Fannie Mae-approved seller-servicers.
Posted by S. Germain at November 30, 2007 09:34 AM