Loan-Score Decisioning Systems Named a 2008 Top 50 Vendor by Mortgage Technology Magazine
IRVINE, CA, June 27, 2008 Loan-Score Decisioning Systems, an emerging leader in enterprise-class automated underwriting and decisioning solutions, announced that it has earned a spot on Mortgage Technology magazine's Top 50 Mortgage Technology Providers list for 2008. According to officials at the magazine, to make the list companies must excel at four primary criteria: customer satisfaction, functionality, market share and viable revenue model. Mortgage Technology, a SourceMedia owned publication, states that it is crucial that vendors have satisfied clients, deliver functional value to lenders, and help keep clients apace of competing technology. Founded in 2000, Loan-Score offers a true, enterprise-class automated underwriting system (AUS) and a product eligibility & pricing engine made available on a software-as-a-service (SaaS) and also a self-hosted basis for all lending channels and product types. The company's solutions are in production with small, medium and large lending institutions. "There have been a number of different changes in the mortgage market that have made it very challenging for lenders to sustain themselves," said David P. Colwell, executive vice president at Loan-Score. "Being named to this revered list reflects the proven ability of our SaaS-based decisioning solutions to help lenders operate more efficiently, achieve greater profitability and mitigate risk. What's more, our model delivers results without suffering long implementations, unreasonable outlays of upfront capital, and what used to be a high total cost of system ownership. We're honored to be named as one of the Top 50 Mortgage Technology Providers by SourceMedia and we look forward to helping lenders improve profitability by utilizing our low-cost technology platform that delivers world-class functionality." This year's list has been renamed the Top 50 Service Providers to better reflect the mortgage industry's transition to both product and service offerings, whereas previous lists did not traditionally distinguish between the two models. About Loan-Score Decisioning Systems
Founded in 2000 and headquartered in Irvine, California, Loan-Score Decisioning Systems offers a true, enterprise-class AUS and product/pricing engine available on a software-as-a-service (SaaS) and also a self-hosted basis for all lending channels and product types. The company also extends various functionality to the point-of-sale using its Web portals. Loan-Score maintains a comprehensive, up-to-date library of investor guidelines and pricing to ensure eligibility is met and market conditions are adjusted to deliver precision-based underwriting that results in fundable loans. The company's solutions are engineered to deliver swift, cost-effective implementations that integrate with existing LOSs and avoid inflexible programming efforts and high maintenance costs. Through Loan-Score's unique approach to customer service, the company's on-demand SaaS model offers clients the option to utilize its extensive library of investor guidelines, or the ability to manage unique program guidelines themselves. Loan-Score's solutions are in production with small, medium and large lending institutions. For more information, visit www.loan-score.com or call 949-450-0102.
-
CONTACT:
Joe Bowerbank
Loan-Score
949.450.0102