LoanScorecard’s AUS Now Integrated with QuestSoft’s Compliance Software


LoanScorecard‘s automated underwriting system, Portfolio Underwriter, is now integrated with QuestSoft’s Compliance EAGLE software platform.

Compliance EAGLE, which can be integrated out-of-the-box with most of the leading loan origination systems, enables lenders to comply with the full range of mortgage regulations, including ability-to-repay (ATR)/qualified mortgage (QM); the TILA-RESPA Integrated Disclosure rule (TRID); the Home Mortgage Disclosure Act (HMDA); the Community Reinvestment Act (CRA); flood determination requirements; NMLS Call Reporting; and state, consumer and local lending laws.

Through the integration of Compliance EAGLE and Portfolio Underwriter, lenders will be able to automate underwriting for their portfolio loans and manage exceptions based on valid compensating loan factors, rather than loan officer “discretion.”

Results of the decisions are documented in an in-depth findings report, which includes the program-specific conditional underwriting criteria used in the data analysis. This data is seamlessly exchanged between Portfolio Underwriter and Compliance EAGLE, eliminating rekeying.

“We designed Compliance EAGLE to automate the entire mortgage lending compliance process in a single system,” says Leonard Ryan, president of QuestSoft, in a release. “Portfolio and non-agency lending is making a strong comeback, and our customers require automated tools to safely lend and scale this growing area of business. Our integration with LoanScorecard’s Portfolio Underwriter allows our clients to gain confidence that the loans they are originating are compliant from a Fair Lending and QM perspective.”

“Portfolio and non-QM are key to differentiating yourself and rapidly growing your mortgage business in today’s lending landscape,” adds Ben Wu, executive director at LoanScorecard. “Increasingly, lenders must employ integrated, automated technology to save time and costs and reduce errors. We’re pleased to partner with QuestSoft to provide their customers with access to our AUS from within their compliance software – speeding up the loan origination process and at the same time, ensuring fast, consistent, unbiased credit policy application to better serve borrowers and demonstrate fair lending.”

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