ACC Mortgage Using LoanScoreCard For Its Nonprime, Non-QM Programs

Wholesale lender All Credit Considered (ACC) Mortgage is now using LO Connect, an integrated automated underwriting system (AUS), product and pricing engine (PPE), and distribution solution from LoanScoreCard, to make its nonprime and non-qualified mortgage loan programs available through Calyx Point, a loan origination system from Calyx Software.

ACC Mortgage specializes in nonprime mortgages. It is a U.S. Treasury-certified Community Development Financial Institution. Headquartered in Rockville, Md., the company is licensed in California, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Illinois, Maryland, New Jersey, North Carolina, Pennsylvania, South Carolina, Texas and Virginia.

Using the LoanScoreCard Custom AUS, along with the PPE and a unique integration with Calyx Point, ACC Mortgage can enable third-party originators (TPOs) to see its branded product and pricing offers within Point. If the TPO likes an eligible product and fully adjusted price, it can run “upfront decisioning” against the AUS and get back an in-depth findings report. This findings report provides an early indication of the likelihood that the specific investor will approve the loan.

In addition, LO Connect eliminates the likelihood that the TPO will quote the wrong information to the borrower.


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