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Mortgage TrueView Launches New Consumer-Oriented Web Site

National Mortgage Professional
Oct 20, 2015
Mortgage TrueView has announced the launch of LenderScores.com, a new Web site designed to help consumers identify and choose the best lender for their circumstances

Mortgage TrueView has announced the launch of LenderScores.com, a new Web site designed to help consumers identify and choose the best lender for their circumstances. The tool, which is available to consumers at LenderScores.com, was created to address the limitations of the Home Mortgage Disclosure Act (HMDA) data.

“There are a number of overlooked issues with HMDA data,” said David Moffat, president of Mortgage TrueView. “We are using Mortgage TrueView’s business intelligence and data management capabilities to ensure that consumers have the tools they need to pick the lender that is best for them.”

LenderScores.com provides easy to understand scores to help home buyers evaluate a lender’s performance in key areas, including decisiveness, affirmativeness, engagement with non-traditional borrowers and denial rates for traditional borrowers versus non-traditional borrowers.

“HMDA data is generated by lenders to allow regulators to monitor Fair Lending activity, but the size of the data set has made it prohibitive for use by consumers,” said Becky Walzak, executive vice president, director of regulatory compliance with Mortgage TrueView. “The HMDA data provides a tremendous amount of information but trying to make sense of it is nearly impossible for an ordinary consumer. Using the scoring and comparison information provided by LenderScores.com, consumers can identify which lender in their area is best-suited to fulfill their needs.”

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