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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.
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