Dark Matter Technologies has enhanced the dual automated underwriting system (AUS) submission feature within its Empower loan origination system (LOS).
The new functionality helps originators quickly compare AUS findings and see more options for borrowers, the firm says in a release.
When users submit loan data simultaneously to the AUS for both Freddie Mac and Fannie Mae the LOS will now display the GSEs’ respective AUS findings side by side along with rules-based loan recommendations powered by the AIVA Rules engine.
The side-by-side display of AUS findings helps loan originators quickly compare results from the GSEs to identify the most favorable option for each borrower. This can surface opportunities to save money or shorten the loan process.
For example, if one of the GSEs findings indicates the property qualifies for an appraisal waiver while the other does not, the borrower could potentially save hundreds of dollars in appraisal costs and close several days sooner.
The functionality in the Empower LOS is further enhanced by the AIVA Rules engine, which analyzes AUS results and recommends the loan path that best fits the lender’s business rules.
The engine comes pre-configured with default logic and can be tailored to align with company-specific policies, helping drive consistency and efficiency in loan production.
Photo: Dietmar Becker