LoanScoreCard has announced that it will power DirectQual, in partnership with wholesale mortgage lender Nations Direct Mortgage (NDM).
LoanScoreCard will boost NDM’s DirectQual with its Portfolio Underwriter technology to enable mortgage brokers to either import scenarios directly from Calyx Point or upload their files to determine their eligibility for NMD’s non-QM loan programs.
The lender’s proprietary non-QM programs include Income Direct, Credit Direct, and Investor Direct. Aside from non-QM offerings, NDM also originates residential mortgage loans such as FHA, conventional, VA, USDA, and jumbo loan products.
“We were looking for a solution that would help us engage with more brokers, educate them on our non-QM products, and provide rapid pre-qualification answers brokers can depend upon,” said Martin Warren, director of lending at NDM. “This engine is a tremendous tool for our brokers to simplify the pre-qual process and get results for their non-QM borrowers—consistently and quickly.”
“One of the biggest challenges wholesale lenders, like NDM, face is educating the broker community about their innovative non-QM loan products,” LoanScoreCard Executive Director Ben Wu said. “DirectQual allows brokers who work with or are considering working with NDM to not only see products and pricing but also determine borrower eligibility—so they can accelerate the non-QM origination process and provide a better borrower experience.”