IRVINE, Calif., August 12, 2021 - LoanScorecard®, the leading provider of non-agency automated underwriting systems (AUS), announced today that it is now integrated with Oaktree Funding Corporation, a leading wholesale lender.
Founded in 1989, Oaktree Funding Corporation is a multi-state licensed mortgage banker offering a wide variety of wholesale loan products and services, including extremely competitive non-QM and non-agency programs. It’s industry-leading offerings include limited-document bank statement and investor loans with limits as high as $4 million.
Oaktree is integrating LoanScorecard’s technology into its broker portal to help brokers quickly determine whether non-QM loan scenarios meet Oaktree’s guidelines.
Kristopher Martin, CO-CEO at Oaktree, said: “The non-QM market has come back strong and is rapidly evolving with expanded guidelines, lower rates, and continuous product enhancements. And Oaktree intends to be a leader in this market expansion. LoanScorecard’s technology will help brokers get even more comfortable with qualifying loans by giving them an easy way to test scenarios for program eligibility before they spend a great deal of time on these deals.”
“As liquidity and innovation return to the non-QM market, leading leaders, like Oaktree, are turning to LoanScorecard to help their brokers determine program eligibility and to test specific scenarios,“ said Allen Meigide, Director of Operations at LoanScorecard.
About Oaktree Funding
Founded in 1989, Oaktree Funding Corporation is a multi-state licensed Mortgage Banker offering a wide variety of home loan products and services. Oaktree Funding is currently approved with several government agencies allowing for an even further breadth of product availability. Oaktree is HUD-approved to offer FHA and Reverse Mortgages, USDA approved for their Loan Guarantee Program, VA approved to proudly offer loans to our Veterans, and Oaktree has numerous investor relationships.
About Loan Scorecard
LoanScorecard is the leading provider of non-agency automated underwriting, pricing, and loan-loss reserve solutions designed to meet today's regulatory challenges and capitalize on market opportunities. LoanScorecard helps institutions address CFPB regulations, compliance, and fair lending, and supports banks and credit unions preparing for the upcoming impacts of CECL. For more information, visit loanscorecard.com or call 800-617-0892.