LoanScoreCard has been reviewed by Wells Fargo and provides the data needed to complete their pre-purchase points and fees review. The LoanScoreCard QM Findings Report can now be submitted to Wells Fargo in lieu of its Fee Details Form.
"We are honored to be the first acceptable vendor alternative," said Allen Meigide, director of operations at LoanScoreCard. "We were the first QM solution on the market, and our customers will be pleased with the time saved in leveraging our QM Findings on loans delivered to Wells Fargo."
"The LoanScoreCard QM Findings is quick and user friendly. The findings clearly outline how a loan complies with QM requirements," said Chirag Amin, Buffalo operations & underwriting manager at Premium Mortgage. "With an ever-so-quickly changing environment, these findings help streamline our process and efficiency to the upcoming mortgage environment we all will be facing."