Carrington Mortgage Services, a retail, wholesale and correspondent mortgage lender based in Anaheim, Calif., is using LoanScorecard’s non-agency AUS, Portfolio Underwriter, as its non-QM pricing and scenario tool.
“We are committed to providing our broker and correspondent partners with solutions to help better serve their borrowers and grow their business,” says Greg Austin, executive vice president of Carrington Mortgage Services, in a release. “By implementing LoanScorecard’s technology in our IQual AUS tool, our broker and correspondent partners can quickly and confidently inform potential borrowers of automated loan approvals through an easy-to-use solution to help them select the best Carrington non-agency loan product for their customers.”
“As more lenders, like Carrington, develop expertise in non-agency lending, they need the right technology at their disposal to bring efficiency to their origination and underwriting processes,” adds Raj Parekh, managing director of LoanScorecard. “Our Portfolio Producer solution allows Carrington to deliver immediate feedback on eligibility, pricing, and guideline analysis to improve the overall mortgage experience for all parties involved.”
Carrington’s product offerings include conventional Fannie Mae and Freddie Mac products; FHA, VA and USDA products; and Carrington’s proprietary Non-Agency Advantage series loan products, which were specifically developed to further demonstrate the company’s ongoing commitment to underserved borrowers.