Skip to main content

PCLender.com announces integration with credit reporting agency Avantus

NationalMortgageProfessional.com
Jul 12, 2010

PCLender.com Inc. has announced an extended markup language (XML) data integration between its flagship loan origination system InHouse Mortgage and credit reporting company Avantus LLC. The companies previously shared a standard two-way interface for ordering credit within IHM and populating screens with the returning liabilities, but upgraded to a MISMO-compliant integration for two reasons. “Fannie Mae and Freddie Mac will soon require that all transmission of sensitive borrower data on loans they purchase meet certain guidelines,” said Cy Brinn, chief operating officer of PCLender.com. “Our integration with Avantus adheres to those standards.” PCLender.com is focused on continually finding new ways to use XML to increase automation in the production of mortgage loans through improved integration with other Web-based service providers. The integration with Avantus allows PCLender.com to extract much more data than is returned with a standard Fannie Mae 3.2-formatted interface, and the individual data elements can be used to drive business rules, data checks, and hard-stops that prevent a problem loan from moving forward. Avantus specializes in providing customized mortgage credit reports, tax return verification, fraud identification tools, flood certification, automated valuation models (AVMs) and a host of other mortgage-related services and technology to the nation’s financial community. “Our integration with PCLender.com will allow lenders to immediately increase their overall transactional efficiencies and improve the quality of their loan portfolios," said Kevin Rost of Avantus LLC. "Lenders will be able to capture and incorporate critical credit and mortgage information into the earliest stages of the loan origination process. Given the importance of having the right information available at the right time, this integration will significantly improve lenders’ ability to provide exceptional service to their borrowers and deliver a high quality loan into the secondary market." For more information, visit www.pclender.com or www.avantus.com.
Published
Jul 12, 2010
Biden Nominates McCargo To Lead Ginnie Mae

Currently Serves As Senior Advisor For Housing Finance At HUD

Regulation and Compliance
Sep 14, 2021
OCC Plans To Rescind 2020 CRA Rule

The OCC formally issued a proposal to rescind a controversial rule within the Community Reinvestment Act (CRA) that was published in June 2020.

Regulation and Compliance
Sep 10, 2021
Flexibilities Move Forward

Pandemic Priorities Continue To Drive Industry Modernization

Regulation and Compliance
Sep 08, 2021
FHFA And The Enterprises Coordinate Action On Equitable Housing

Today the FHFA is announcing that Fannie Mae and Freddie Mac (the Enterprises) will submit Equitable Housing Finance Plans to the FHFA by the end of 2021.

Regulation and Compliance
Sep 08, 2021
Realtors Encouraged By Biden Plan to Expand Housing Supply

Administration Said Wednesday It Plans To Add 100,000 Affordable Homes In 3 Years

Regulation and Compliance
Sep 03, 2021
Biden Administration Announces Plan For Affordable Housing

President Biden and his administration firmly believe it is time to intervene in the housing market.

Regulation and Compliance
Sep 01, 2021