LoanScorecard Powering LoanStream Mortgage’s Non-QM PPE

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LoanStream Mortgage, a multichannel mortgage lender licensed in more than 30 states, is using LoanScorecard to power its pricing and scenario tool, QualONE, which is used to power its non-QM loan program.

The tool enables brokers and correspondents to run loan scenarios and instantly determine the eligibility for various products across LSM’s NanQ ONE programs.

In addition, LoanStream is using LoanScorecard’s non-agency AUS, Portfolio Underwriter.

In addition to non-QM loans, LoanStream Mortgage also offers conventional fixed-rate and adjustable-rate loans; FHA, VA and USDA loans; as well as jumbo mortgages.

The company claims it was the first lender to write guidelines replacing costly and time-consuming appraisal desk reviews with the FNMA CU score, which has since been adopted by other non-QM lenders and investors.

QualONE can be accessed on LoanStream Mortgage’s website, client portal or via the Calyx Point loan origination system.

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