BMC Buys Loan-Score Decisioning

BMC Software Investments Inc., an investment firm based in Hot Springs, Ark., has announced the acquisition of Loan-Score Decisioning Systems LLC, an Irvine, Calif.-based provider of automated underwriting systems. The terms of the deal were not disclosed. Loan-Score's products include an enterprise-class AU system, a product/pricing engine, a PDA-based pre-qual application, a bulk pricing application, and point-of-sale Web portals for all lending channels and product types, BMC said. The company said it plans to develop new offerings, expand Loan-Score's infrastructure, and hire additional development staff. "What has happened to the mortgage industry over the past year is unprecedented," said William McCord, chief executive officer of BMC Software Investments and chairman of Loan-Score. "Several AUS vendors have already closed their doors and a number of others are in trouble, which creates an opportunity for Loan-Score to dominate the AU space given the right investment partner." Loan-Score can be found online at http://www.loan-score.com.