Stearns Lending Grows Business with Loan-Score Platform
Point-of-sale decisioning solution helps lender fund over $600 million a month.
IRVINE, Calif., Aug. 5 (SEND2PRESS NEWSWIRE) — Loan-Score Decisioning Systems, an enterprise-class pricing and automated underwriting provider, announced that Stearns Lending, Inc., a national wholesale and retail mortgage banker, has grown its business by more than 65% since going live with its solution in early 2009. Stearns utilizes Loan-Score’s platform to automate pricing and underwriting for each of its 18 wholesale branches as well as its new affiliate branches. Currently, Stearns is the 15th largest lender in the country.
Integral to Stearns’ growth strategy has been the launch of a robust broker portal for its extensive network of originators. At the portal, brokers log in, upload a 3.2 file or manually enter a 1003, pull or re-pull credit, and return an instant automated underwriting decision. The portal also allows for pipeline management, document uploads, lock requests, visibility of [...]
Original post by Loan-Score Decisioning Systems