A&D Mortgage, a wholesale and correspondent mortgage lender headquartered in Hollywood, Fla., has selected LoanScorecard’s product and pricing engine, Pricer1, and non-agency AUS, Portfolio Underwriter, as its non-QM pricing and scenario tool.
A&D Mortgage specializes in non-QM loans, which account 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,” says Max Slyusarchuk, CEO of A&D Mortgage, in a release. “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,” adds 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.”