LoanScorecard’s automated underwriting technology will power Deephaven Mortgage’s launch of Identi-Fi AUS.

The lender’s launch of this technology furthers its mission to empower mortgage professionals serving borrowers who face challenges securing a traditional government-financed mortgage. As a leading originator of non-QM mortgage-backed securities, Deephaven aims to be the top provider of non-agency loans to the origination community, offering expanded prime, near-prime, non-prime, bank statement loan, investment property, and interest-only products.

In order to empower originators at the point of sale, Deephaven is introducing Identi-Fi AUS.

This Non-QM point-of-sale-pre-qualification tool leverages LoanScorecard’s Portfolio Underwriter technology Identi-Fi AUS will analyze the 1003 and credit report to instantly determine potential options across Deephaven’s non-agency loan programs.

This, in turn, enables originators to place loans that might otherwise not qualify. Originators can run Deephaven’s AUS findings on any loan file for a detailed breakdown of the qualification criteria applied along with documentation requirements.

“As a leader in the non-QM space, Deephaven embraces innovation that enables us to offer new products through technology that empowers originators for this underserved market,” said Mike Brenning, chief production officer for Deephaven. “LoanScorecard fits perfectly with this approach. We are excited about using their technology to empower originators to diversify into new markets, especially those doing non-QM production for the first time.”

Non-QM production has more than doubled this year and some loan originators are turning to the product as the conventional market contracts.