Endeavor America Chooses LoanScoreCard Automated Underwriting Engine

IRVINE, CA -- (Marketwired) -- 05/04/15 -- 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 automated underwriting and compliance solutions, designed to meet today's regulatory challenges. LoanScoreCard provides easy-to-read Findings Reports that clearly demonstrate how a given loan meets current underwriting and compliance guidelines so that all necessary documentation is retained with the file to support lending decisions in an investor review, regulatory audit or potential claim. Our proprietary AUS engine can also be custom-tailored to capture your own particular underwriting guidelines to ensure that every loan originated adheres to the loan programs you have defined. As the industry's first engine for QM Findings, LoanScoreCard helps financial institutions address new CFPB regulations regarding Ability-to-Repay and Qualified Mortgages, having rendered over 2 million QM Findings Reports to date. Distinguished as the first vendor to integrate with FHA TOTAL Scorecard, LoanScoreCard offers FHA decisions at a fraction of the traditional cost. For more information, visit LoanScoreCard.com or call 800-617-0892.

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

Contact:
Marketing Communications
Jenny Harlowe
+1 214.252.5636

Source: LoanScoreCard

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