California-based Endeavor America Loan Services, a national wholesale lender, has selected LoanScoreCard's automated underwriting engine for its Federal Housing Administration (FHA) loans.
The company says such an integration will allow Endeavor America brokers to access FHA decisioning at the point of sale.
LoanScoreCard's system integrates FHA Findings Reports with the FHA's Technology Open To Approved Lenders (TOTAL) Mortgage Scorecard. This allows Endeavor America users to submit loan data to TOTAL Scorecard to render FHA findings designed for FHA loans – with language correlating to the appropriate sections of the 4155 and mortgagee letters.
Darius Mirshahzadeh, CEO of Endeavor America, says, ‘We are excited to be able to integrate LoanScoreCard's FHA Findings into our proprietary EASY Technology platform. LoanScoreCard's automated underwriting engine not only gives us easy-to-read findings reports, but also saves us considerable time and money.’