Press Release
FOR IMMEDIATE RELEASE
Contact: Lalaine C. Castillo
Phone: 800.663.1738 ext. 184
Email: lcastillo@settlementone.com
San Diego, CA (January 24, 2011) – SettlementOne Credit Corporation, a leading provider of data solutions for financial institutions nationwide, announced that it has integrated its platform with Loan-Score Decisioning Systems, an enterprise-class pricing and automated underwriting provider. Through this strategic integration partnership, Loan-Score's wholesale lending clients are able to gain quick and convenience access to SettlementOne's CreditConxTM. CreditConx is the only web-based solution in the marketplace today that helps wholesale lenders comply with Fannie Mae's Loan Quality Initiative (LQI) by identifying undisclosed liabilities with the click of a button and mitigate their repurchase risk.
The SettlementOne and Loan-Score integration effectively streamlines the compliance process between lender and broker by enabling clients to directly interface with CreditConx. With a click of a button, undisclosed liabilities are automatically identified, eliminating the need for lenders to obtain the original credit report from their brokers and assume the timely and error-prone task of manually comparing that data to their own prior to funding.
"SettlementOne is pleased to have established an integration partnership with Loan-Score, who shares our commitment to providing lenders with dynamic solutions that help maximize their productivity while limiting their overall risk of repurchase requests from potential undisclosed liabilities," said Will Dillard, President of SettlementOne Credit. "By helping Loan-Score's wholesale lenders meet regulatory requirements efficiently and cost-effectively through CreditConx, we extend our compliance solution to their clients and help them recognize even more value."
About SettlementOne Credit Corporation
SettlementOne Credit Corporation's expansive portfolio of data solutions has empowered lending institutions nationwide for over 10 years. Widely recognized as an industry leader, SettlementOne continues to be a trusted provider because we consistently supply clients with the most innovative, compliant, and cost-effective services including credit reports, income verification, employment verification, SSN verification, AVMs, data analytics, and flood certifications. With the ever-changing compliance requirements from regulatory agencies, SettlementOne combines industry expertise and leading edge technology to help its clients mitigate their risk while improving operational efficiency. For more information, visit www.settlementone.com or call 800-340-2009.
About Loan Score Decisioning Systems
Founded in 2000 and headquartered in Irvine, California, Loan-Score Decisioning Systems offers clients a full suite of decisioning solutions to satisfy their individual needs from small, medium and large production and servicing organizations. The modular suite includes a product & pricing engine (PPE), automated underwriting system (AUS), portfolio analysis engine (PAE), channel focused point-of-sale (POS) Web portals, a system-to-system integration bridge and more. Loan-Score maintains a comprehensive, up-to-date library of investor guidelines and pricing to ensure eligibility is met and market conditions are adjusted to deliver precision-based underwriting that results in fundable and saleable loans. Our solutions are engineered to deliver swift, cost-effective implementations that integrate with existing LOSs. Clients can choose between software-as-a-service (SaaS) and self-hosted technology models. For more information, visit www.loan-score.com or call 949-450-0102.
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