QuestSoft Adds LoanScoreCard to Provide QM Solution
Qualified Mortgage Findings Report Available Immediately Through QuestSoft's Compliance EAGLE
(firmenpresse) - IRVINE, CA -- (Marketwired) -- 10/16/13 -- ™, provider of automated underwriting engines and compliance solutions, has partnered with QuestSoft® to expand availability of its through integration with Compliance EAGLE®. The QM solution saves time for both lenders and investors who no longer have to spend valuable resources on non-qualified loans.
LoanScoreCard's QM solution offers quantifiable Findings Reports that determine whether a file is considered a Qualified Mortgage with a secondary determination for either Safe Harbor or Rebuttable Presumption. These detailed analyses may be run several times throughout the loan process so that compliance is assured at each stage and evidence of compliance is maintained.
The partnership with QuestSoft makes LoanScoreCard's QM solution accessible via Compliance EAGLE to more than 900 additional lenders, representing more than 600,000 mortgage transactions. Compliance EAGLE is an end-to-end, fully automated compliance review solution that integrates with leading loan origination systems. The QM solution is already available directly through Calyx Software®'s Point® product.
"LoanScoreCard's QM solution was the first to market in the industry and has been well received by our customers," said Leonard Ryan, president of QuestSoft. "This integration lends itself perfectly to our 'Compliance Without Complexity' philosophy, and we are excited to be partnered with a strong company that shares our commitment to provide accurate, quality services to our mutual customers."
"Recognizing the need for a QM solution and making it available to the industry before it's required was very important for us," said Allen Meigide, director of operations at LoanScoreCard. "Combining our technology with QuestSoft solidifies our commitment to lead in underwriting and compliance, and allows for expanded reach."
To schedule a free demonstration of this revolutionary QM solution, email or call 972.584.7203.
LoanScoreCard is a leading provider of automated underwriting and compliance solutions, designed to meet today's regulatory challenges. As the industry's first AUS engine for QM, LoanScoreCard helps financial institutions address new CFPB regulations regarding Ability-to-Repay and Qualified Mortgages. We are also the first vendor to integrate with FHA TOTAL Scorecard, offering FHA decisions at a fraction of the traditional cost. LoanScoreCard provides easy-to-read Findings Reports that clearly capture how a given loan meets current underwriting and compliance guidelines, so that all necessary documentation is retained with the file to support lending decisions in an investor review, regulatory audit or potential claim. For more information, visit or call 800-617-0892.
Laguna Hills, Calif.-based QuestSoft is an established provider of comprehensive and automated compliance software and services to the mortgage, banking and credit union industries. The company's products enable more than 1,700 banks, credit unions and mortgage companies to simplify the collection, analysis, compilation and reporting of key lending regulatory report data. For more information about QuestSoft and its products, visit the company's website at .
Marketing Communications
Jack Holliday
+1 214.252.5656
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Datum: 16.10.2013 - 20:14 Uhr
Sprache: Deutsch
News-ID 306539
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IRVINE, CA
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Retail Banking
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