Skip to main content

Loan-Score launches site to underwrite FHA loans

Oct 21, 2009

Loan-Score Decisioning Systems, a leader in enterprise-class decision management solutions, has announced it has officially launched for mortgage bankers, community banks, credit unions, lenders and originators to connect to the Federal Housing Administration's (FHA) TOTAL Scorecard loan approval platform. The new Web site seamlessly interfaces with Scorecard to offer users an easy, efficient and cost effective automated FHA underwriting experience. Earlier this year, Loan-Score interfaced its automated underwriting system (AUS) with FHA TOTAL Scorecard, which was initially added as functionality to Loan-Score’s existing decisioning suite. The launch of, however, now allows the entire mortgage industry to utilize the portal as a standalone application to decision and underwrite FHA loans, complete with conditions and an FHA certification that the home ownership centers (HOCs) will accept and review to insure. The site allows lenders, loan officers and brokers the ability to create an account, upload a 1003, pull/re-pull credit, instantly return underwriting decisions on FHA loans and manage their FHA pipeline. The primary value in is that users pay only a fraction of the typical cost to automatically return eligibility. " serves the gamut of mortgage bankers, community banks, credit unions, lenders and originators to conveniently and cost effectively decision FHA deals using our portal’s interface with Scorecard,” said Joe Bowerbank, senior vice president of marketing at Loan-Score. “What we’re providing is an attractive industry-wide alternative to using other FHA decisioning options.” functionality allows users to: ► Create a account ► Upload a 3.2 file or manually enter 1003 ► Enter a case number, lender ID; or if a TPO, a sponsor ID ► Pull or re-pull a tri-merged credit report ► Determine eligibility along with all conditions ► If eligible, the site returns a certification that can be sent to the HOCs for insurance ► Manage LO/broker’s FHA pipeline ► View full 1003, credit reports and FHA certifications For more information, visit
About the author
Oct 21, 2009
CFPB Orders Freedom Mortgage To Pay $3.95M Over Housing Data Errors

CFPB proposed an order requiring Freedom Mortgage to pay a $3.95 million penalty

CFPB Proposes To Ban Medical Debt From Credit Reports

CFPB expects the rule would allow 22,000 additional mortgages to be approved every year.

Manufacturing Fair Lending

How data defines a modern theory of redlining

A Watershed Moment For Trigger Leads

Pending legislation collars controversial data sharing practice

CFPB Unveils Lender Naughty List For Repeat Offenders

CFPB calls out nonbanks that have broken consumer protection laws

Is It A Deal Or Chicanery?

Negotiating EPOs with lenders