Loan-Score Decisioning Systems, an enterprise-class pricing and automated underwriting solutions provider, announced that Bay Equity, a growing wholesale and retail mortgage banker, has gone live with its integrated decsioning solution and customer-facing Web portals to ensure pricing and underwriting accuracy, quality control and superior customer service. The solution integrates seamlessly with Bay Equity’s back office LOS.
“From the start, we’ve established our organization as a completely technology-driven operation,” said Ali Vai, who manages Bay Equities systems and technology. “What we love about Loan-Score is that their solution encompasses both a product and pricing engine (PPE) and an automated underwriting system (AUS), which enables us to return accurate pricing and product eligibility along with an actual automated underwriting approval. After an originator pulls credit in our broker portal, the credit report is parsed, run up against the entire set of each of our investor’s underwriting manuals that are housed in Loan-Score’s rules engine, and a very granular decision is returned that we can trust. Moving these functions to the point-of-sale will dramatically speed up our cycle times and make both our originators and underwriters more efficient.”
Bay Equity is also using Loan-Score’s platform as a means to attract top tier sales talent. “In this day and age you have to offer originators an arsenal of tools to help them better serve borrowers and get deals done,” said Brett McGovern, president of Bay Equity. “What we’ve empowered our broker network with is a straightforward broker portal that gives them visibility into the underwriting process. It’s very competitive out there right now and the ease of use and accuracy of Loan-Score’s platform is a big part of our production strategy to offer originators second-to-none service. We’re establishing our brand as a trusted go-to mortgage banker that offers valuable broker tools.”
Bay Equity also uses Loan-Score integration its back office LOS, Del Mar DataTrac, to pass data back and forth between the point-of-sale and the back office. The integration is seamless and allows for ease of communication, full population of the 1003, lock requests, real-time loan status and conditions management between sales staff, underwriters and processors.
For more information, visit www.bayeq.com or www.loan-score.com.