LoanScorecard's QM Findings Report Accepted by Envoy Mortgage Correspondent Lending Division

IRVINE, February 06, 2014 – LoanScorecardTM, a leading provider of automated underwriting and QM compliance solutions, has been accepted by Envoy Mortgage to provide Envoy's correspondent division its QM form as evidence of compliance through submission files.

"We're pleased that Envoy has reviewed the LoanScorecard QM Findings Report and has found that it provides the compliance evidence required. We'll continue to work with organizations to streamline their operations whenever possible," Allen Meigide, director of operations at LoanScorecard, said.

More than 175,000 QM Findings Reports have been generated since LoanScorecard's QM product came onto the market last August. These reports are available to users of major Loan Origination Systems and can also be accessed via browser at LoanScorecard.com or integrated into any proprietary system through web services.

About LoanScorecard

LoanScorecard is a leading provider of non-agency AUS, loan pricing solutions and borrower point-of-sale designed to meet today's regulatory challenges and capitalize on current market opportunities. LoanScorecard helps institutions address CFPB regulations through its QM Findings, the industry's first qualified mortgage (QM) engine, which has rendered more than 5 million QM findings reports to-date and supports banks and credit unions preparing for the upcoming impacts of CECL.

For more information, visit loanscorecard.com or call 800-617-0892.

For press inquiries, please contact:
Jessica Ruiz-Krout
Campbell Lewis Communications
212.995.8058
jessica@campbelllewis.com

  

Related blog or press release articles

New Penn Launches LoanScorecard's Portfolio Underwriter

National Mortgage Professional Magazine

LoanScorecardhas announced its expanded partnership with...

Read

New Penn Boosts LoanScorecard Tool

Asset-Backed Alert

New Penn Financialis expanding its use of technology that helps it buy home...

Read

Why Small Business Owners Need non-QM

Read

Let’s discuss how we can further your mortgage business.

Start the Conversation