Deephaven and LoanScorecard Enhancement the Scenario Calculator

NationalMortgageProfessional.com

Nov 12, 2019

Deephaven Mortgage and LoanScorecard have announced that they have enhanced the functionality of Deephaven’s Scenario Calculator, providing originators one-click access to the lender’s AUS engine, IDENTI-FI AUS. Now, originators using the IDENTI-FI Scenario Calculator to view product and program eligibility scenarios and price loans will be able to obtain detailed AUS findings from directly within the scenario calculator.

“We’re excited to broaden our partnership with LoanScorecard by integrating our IDENTI-FI AUS technology and IDENTI-FI Scenario Calculator,” said Mike Brenning, Deephaven’s chief production officer. “Our commitment to enhancing the non-QM point of sale experience for originators is consistently advanced through our partnership with LoanScorecard.”

Ben Wu, LoanScorecard’s executive director, said: “Deephaven has always been a leader in using technology to give originators greater transparency and confidence in the Non-QM lending process. This was true when the company launched IDENTI-FI AUS, a standalone pre-qualification engine, powered by our technology, and that position is enhanced even more today. Our latest integration further demonstrates Deephaven’s commitment to making innovative technology accessible and consumable for originators.”

Link copied

Published

Nov 12, 2019

Regulation and Compliance

CFPB Slaps Bank Of America With $12 Million Penalty For False Mortgage Data Reporting

For at least four years, hundreds of Bank of America loan officers failed to ask mortgage applicants certain demographic questions.

The Consumer Financial Protection Bureau (CFPB) issued a $12 million penalty against Bank of America for submitting inaccurate mortgage lending information to the federal government. The consent order issued Tuesday says that for a period of at least four years, Bank of Ame...

Regulation and Compliance

Rising Home Values Propel Higher Loan Limits

FHFA Announces 5.6% Increase in Conforming Loan Limits for 2024

The baseline conforming loan limit for one-unit properties under government-sponsored enterprise mortgages in 2024 will rise to $766,550, marking a 5.6% increase from the current limit. In high-cost areas, the GSE loan limit for one-unit properties will reach as high as $1.1...