Carrington Mortgage Services (CMS) has implemented LoanScorecard’s non-agency automated underwriting systems (AUS), Portfolio Underwriter, as its non-QM pricing and scenario tool.
The California-based mortgage lender will use Portfolio Underwriter to enable brokers and correspondent partners to quickly inform potential borrowers of automated loan approvals and help them choose the most suitable Carrington non-agency loan product for their customers.
“We are committed to providing our broker and correspondent partners with solutions to help better serve their borrowers and grow their business,” said Greg Austin, executive vice president of Carrington Mortgage Services.
CMS’ wide array of product offerings include conventional, FHA, VA, and USDA products, as well as Carrington’s proprietary non-agency advantage series loan products.
“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,” said 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.”