Technology Allows Non-QM Lender to Provide Broker Partners with an

AUS & Pricing Tool for Innovative Non-QM Products  

IRVINE, Calif., February 5, 2020 - LoanScorecard^®, the leading provider of non-agency automated underwriting systems (AUS) announced today that A&D Mortgage has implemented its product and pricing engine, Pricer1™, and non-agency AUS, Portfolio Underwriter™, as its Non-QM Pricing & Scenario Tool.

Founded in 2005, A&D Mortgage is a wholesale & correspondent mortgage lender headquartered in Hollywood, Fla. The company specializes in non-QM loans, which accounts for approximately 95% of its volume, and offers a full spectrum of products specializing in alternative income such as, 2/12/24 month bank statement, Asset Depletion, P&L Only, WVOE, 1099, DSCR for investors and a Foreign Nationals program.

“As the non-QM market continues to grow and more brokers begin to explore these options, they need the right tools and technology at their disposal to be comfortable with these products and educate their borrowers,” said Max Slyusarchuk, Chief Executive Officer of A&D Mortgage. “LoanScorecard’s technology provides a uniform approach to underwriting conditions and loan qualifications that creates clarity and efficiency throughout the entire loan process from start to finish, ultimately allowing brokers to close more loans quickly and confidently.”

“Our technology was designed to support innovative lenders, like A&D Mortgage, that offer products to help ‘out of the box’ borrowers,” said Raj Parekh, Managing Director of LoanScorecard. “Portfolio Underwriter and Pricer1 will help A&D deliver its unique product guidelines and pricing to more brokers in real time and ultimately provide more opportunities for borrowers.”

Irvine, Calif & Charlotte, N.C., January 29, 2020 -  LoanScorecard and Deephaven Mortgage announced today that they have added the Smart Conditions feature to Deephaven’s popular IDENTI-FI Scenario Calculator. The enhancement will deliver customized, loan-specific conditions instantly, based on findings from Deephaven’s IDENTI-FI AUS engine.

Originators use the IDENTI-FI Scenario Calculator to view product and program eligibility scenarios, price loans and obtain detailed AUS findings from directly within the scenario calculator.  Now the Smart Conditions feature will also pull loan-specific details, such as bank names for asset verification and liability repayments and dollar amounts for closing costs and reserves, and auto-populate them into the conditions that the originator sees.

“Our partnership with LoanScorecard has enabled us to continually enhance the non-QM point of sale experience for our originators,” said Mike Brenning, Deephaven’s Chief Production Officer. “Today’s announcement is another example of this collaboration. Most AUS engines generate generic, vague conditions that can be misunderstood or misinterpreted, creating confusion, delays and frustration.  The new Smart Conditions feature will instantly show originators precisely and clearly what needs to happen in order to get an accurate review of the loan.”

Raj Parekh, LoanScorecard’s Managing Director, said, “As the non-QM market continues to expand and evolve, leaders like Deephaven are differentiating themselves by using technology to continually enhance the client experience that they offer. Adding greater precision and clarity to critical functions, like conditions, will help originators quickly grasp what is required to submit a more complete file, and communicate it more simply to their borrowers.”

—New DataTree solution delivers highly targeted marketing lists for the modern marketing professional powered by First American’s industry-leading property and ownership data, with coverage of over 150 million U.S. residential and commercial properties—

SANTA ANA, Calif., Jan. 29, 2020 – First American DataTree^®, the leading national provider of property data and document images, announced today the launch of DataTree Lists. This new solution for customer acquisition provides highly targeted, direct marketing lists built from the largest, most comprehensive database of U.S. property and homeownership information, making it a powerful solution for marketers, list brokers, and lead consultants. Customers can tap DataTree Lists to quickly identify and reach very specific and unique target markets, including advanced segmentation by available property equity, propensity scoring, new movers, listed properties, tax and foreclosure status, and loan and financing specifications.

“DataTree Lists serves modern marketing professionals who value data quality, coverage, currency and completeness to fuel lead generation, and customer acquisition. They can now access new highly qualified target markets across a variety of stages in the homeownership life cycle, boosting the efficiency of marketing budgets and providing a competitive advantage,” said Jim Portner, vice president of product and strategy at First American Database Solutions. “We’ve combined the unrivaled depth and breadth of First American data assets with our commitment to customer service to deliver higher quality, uniquely targeted lists faster, so our customers can go to market at greater speed and with greater confidence.”

DataTree Lists provides customers with on-demand fulfillment experts to help translate and derive a targeted list of a prime audience based on ownership type, property characteristics and value attributes. Customers also benefit from DataTree Lists quick counts system, robust suppression options, saved searches, data security and compliance measures.