Skip to main content

Bay Equity goes live with Loan-Score’s integrated PPE and AUS

Feb 04, 2010

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.
About the author
Published
Feb 04, 2010
Condo Prices, Sales Falling In Florida

New regulations and rising insurance costs hold back buyers in six major metros.

Feb 26, 2024
Buyer Beware

Unpriced climate risk the housing market’s bubble in the bloodstream.

Feb 26, 2024
Rocket Companies Reports Decline in Fourth Quarter Revenue, Projects Optimism for Future Growth

Despite revenue dip, mortgage giant sees increase in market share and advances in AI technology.

Feb 22, 2024
Broker Action Coalition Unveils Inaugural Board Of Directors

Newly formed nonprofit organization BAC announces industry professionals to guide its mission of legislative change and educational initiatives in the mortgage industry.

Feb 21, 2024
GSEs Report Strong Earnings

Robust performance marks growth for both Fannie Mae and Freddie Mac, despite a dip in home purchases.

Feb 15, 2024
Friendly Competition Joins Forces

The merger aims to enhance local fulfillment and sales support, marking Guild’s sixth acquisition since 2021 and expanding its licensed originators to over 2,100 amidst a challenging market.

Feb 14, 2024