GMAC Residential Funding, Minneapolis, has added three new credit data providers to its Assetwise Direct automated underwriting system, giving originators more choice in their evaluation process.Factual Data Corp., Informative Research and its affiliate INFO1 have been integrated into Assetwise Direct, bringing to five the number of credit providers offered to originators using Assetwise Direct to evaluate loans at the point-of-sale. The company also said Assetwise Direct has been enhanced to allow lenders the opportunity to apply their own brand identity to the system to establish a stronger presence at the point-of-sale.
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OceanFirst Financial worked with an asset manager to apply the structure to a $1.5 billion portfolio of residential mortgages.
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