Loan-Score Decisioning Systems LLC, a provider of automated underwriting systems based in Irvine, Calif., has completed what it terms "a comprehensive integration" with PCLender, a Web-based software provider for mortgage bankers.The integration provides PCLender's clients with "seamless access" to Loan-Score's AUS directly from its loan enterprise lending platform, according to Loan-Score. "While there are many product and pricing engines available on the market today that purport to offer AU, the vast majority of them do not come close to returning the complex, layered-risk analysis required of a true automated underwriting solution," said Scott Burgess, president of Loan-Score. "The use of Loan-Score's AUS through PCLender ensures that loans unequivocally meet the many nuances of investor guidelines to find best-fit homes for loans, and that those loans are not later kicked back by highly discriminating investors on a trivial technicality." The companies can be found online at http://www.loan-score.com and http://www.pclender.com.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18