Letter to the editor.

Author:Wu, Ben
Position:NEWS ROOM - Letter to the editor
 
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Dear Editor,

Robert Stowe England's article in your May issue, "An Untapped Market," discussed the need for non-QM [non-Qualified Mortgage] automated underwriting platforms and mentioned that one is being developed. But the article overlooked the fact that one already exists: LoanScoreCard's Custom AUS.

Our platform delivers an underwriting decision and an assessment report that includes a breakdown of every rule applied to a particular loan and whether it passed or failed a particular guideline--creating an audit trail for underwriting and ability-to-repay decisions.

The business case for this platform is compelling: Non-agency is a growing segment and manually underwriting these mortgages is time-intensive, prone to...

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