IRVINE, May 4, 2015 – Endeavor America Loan Services, a leading national wholesale lender, has implemented LoanScorecard's automated underwriting engine for their FHA loans, providing Endeavor America brokers access to FHA decisioning at point-of-sale.
LoanScorecard provides FHA Findings Reports integrated with the Federal Housing Administration's Technology Open to Approved Lenders (TOTAL). This engine enables Endeavor America users to submit loan data to TOTAL Scorecard to render FHA Findings designed specifically for FHA loans, with language directly correlating to the relevant sections of the 4155 and mortgagee letters.
Ali Vafai, president of Endeavor America and its parent company The Money Source, values the relationship between technology and efficiency. "Creating productive environments for our brokers, employees and homeowners fosters growth, achievement and most importantly, respect and happiness. LoanScorecard helps Endeavor America achieve this goal," said Ali.
Chief Executive Officer, Darius Mirshahzadeh said, "We are excited to be able to integrate LoanScorecard's FHA Findings seamlessly into our proprietary EASY Technology platform. LoanScorecard's automated underwriting engine not only gives us easy-to-read findings reports, but also saves us considerable time and money."
“This is truly a unique relationship with Endeavor America," said Karen Boots, director of business development at LoanScorecard. "We're so pleased to be able to offer a product that will help streamline their wholesale operations in a cost effective manner. And when the new Single Family Housing Policy Handbook (4000.1) goes into effect September 14th, Endeavor America will be ready."
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
About Endeavor America
Endeavor America Loan Services is a national lending company, headquartered in California with over 300 employees nationwide. EA believes that by investing in the needs of brokers, employees, and homeowners it can create an environment that fosters growth, achievement, and most importantly happiness. EA does this through leveraging company's strengths within culture and core values. As an approved Fannie Mae & Freddie Mac Approved Seller/Servicer in 49 States, Endeavor America has become a top 10 government wholesale lender in 2014. For more information visit www.EAWholesale.com or its correspondent platform at www.TheMoneySource.com
