Enterprise Automated Underwriting System

Today's mortgage market is wrought with vendors who claim to offer true automated underwriting capability; however, these systems tend to be simplistic applications that are only capable of returning an initial pre-qualification that merely evaluates a limited number of credit fields and remedial analytics.

At Loan-Score, we offer a true, enterprise-class AUS and product & pricing engine on a software-as-a-service (SaaS) basis for all lending channels and product types.

Loan-Score's model provides lenders with the option to either manage pricing, guidelines and rules in-house with their own staff, or they can let our team of experienced analysts do it for them with accuracy you can trust. Clients can switch between models at any time.

Loan-Score's AUS is engineered to deliver swift, cost-effective implementations that integrate with existing LOSs and avoid inflexible programming efforts and high maintenance costs.

The Loan-Score Enterprise AUS

Unlike most systems on the market today, Loan-Scores enterprise-class AUS parses a complex, tri-merged credit report containing individual trade lines, taking into account the numerous credit parameters necessary to accurately evaluate risk. Loan-Scores AUS automatically returns best-fit products and risk-based pricing complete with detailed conditions/stips as they relate to each investors guidelines along with a Pass/Fail explanation. Loan-Scores AU approvals are based on deep credit analytics and up-to-date investor guidelines that you can trust every time.

Loan-Score easily accommodates the underwriting of subprime, alt-A, prime, HELOCs, seconds, combo loans and reverse mortgages.

Eligibility & Pricing or True Automated Underwriting? – What You Need to Know

The term “automated underwriting (AU)” is used all too loosely by mortgage technology vendors making misrepresentations to lenders about system capabilities. In a sea of vendors who all seem to be singing the same tune, how is a lender to know the difference until a deal is inked and they later learn of solution limitations? It's actually fairly simple. You need to ask some tough questions of your prospective vendor before you engage. Before purchasing an AUS, all lenders should ask the following questions to determine if a vendor actually has true automated underwriting or merely has an eligibility and pricing solution that only performs a cursory, rudimentary credit analysis.

To download questions you should ask your propective vendor, click here.

Pricing & Guideline Management

Loan-Score helps lenders keep up with change using our team of experienced credit analysts, who maintain an extensive library of up-to-date guidelines and pricing. We boast the industry's highest accuracy levels, which even some investors have a tough time keeping up with.

Loan-Score also offers lenders the option to manage their unique business logic in-house with its own staff via a web-based rules editing application. For client convenience, we allow you to switch between models to accommodate market conditions.

Direct, Seamless Connectivity to DU & LP

Loan-Score's AUS was originally designed to underwrite non-conventional subprime and alt-A loans where the risk analysis is much more complex than black and white prime underwriting. Since that time, we've established a convenient , direct integration to Fannie Mae's DU® application. DU can be accessed seamlessly from Loan Score's web portals, instantly returning key elements of DU findings into our system. And, Freddie's LP® integration will also soon be completed. Decisioning conventional loans using Loan-Score's AUS just got a whole lot easier. Just ask our satisfied client base.

Next Steps
Contact Us
Request Literature or Demo