Skip to main content

Wells Fargo approves Loan-Score's AUS interface with FHA TOTAL Scorecard

NationalMortgageProfessional.com
Jan 20, 2010

Loan Score Decisioning Systems, an enterprise-class pricing and automated underwriting solution provider, has announced that Wells Fargo is officially accepting FHA loans that have been determined as eligible through Loan-Score’s automated underwriting system (AUS), which interfaces with FHA TOTAL Scorecard. A statement issued by Wells Fargo stated: “Wells Fargo Funding is pleased to announce that effective immediately, sellers approved to deliver FHA loans, when FHA eligibility results have been obtained using Loan-Score’s integration with FHA TOTAL Mortgage Scorecard. All FHA loans eligible for AUS submission must be submitted to FHA’s TOTAL Mortgage Scorecard using one of the following eligible AUSs: Freddie Mac’s Loan Prospector (LP), Fannie Mae’s Desktop Underwriter (DU), Loan-Score or www.LoanSCORECARD.com.” In 2009, Loan-Score completed a direct system-to-system interface between its AUS and the Federal Housing Administration's TOTAL Scorecard platform for lenders to receive eligibility results on FHA loans. Loan-Score offers connectivity to Scorecard by way of three solutions: ► Utilization of Loan-Score's comprehensive PPE, AUS and customer-facing Web portals ► Use of Web services to transparently connect to Loan-Score’s AUS ► Use of www.LoanSCORECARD.com Web portal as a standalone solution For more information, visit www.loan-score.com.
Published
Jan 20, 2010
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Industry News
Jan 26, 2023
There’s Good & Bad News On The Horizon

There will be a real estate slump, but the big cities are coming out much better

Industry News
Jan 26, 2023
Housing Prices Across Texas Likely Hobbled In 2023

But you’re getting a lot less for $1 million

Industry News
Jan 23, 2023
UWM Adds 'Control Your Price' To 'Game On' Pricing

New program provides 125 basis points in price enhancements for loan orignators.

Industry News
Jan 11, 2023
Rocket Pro TPO Relieves Brokers Of Credit Fee Burden

Will provided free credit reports to brokers if they get their loan closed with the Detroit lender.

Industry News
Jan 10, 2023
Former Employees Sue Rocket Mortgage Over OT Pay

Claim company failed to properly calculate & pay OT for working beyond 40 hours a week.

Operations
Jan 09, 2023