February 28, 2013
LoanScoreCard™ is an automated underwriting system (AUS) that determines a loan’s eligibility for FHA insurance at a very low cost. The system is simple to use and generates comprehensive decisions in seconds.
With LoanScoreCard, you have the flexibility to produce and submit final TOTAL FHA findings in the way that makes the most sense—it works with any LOS or even without one.
LoanScoreCard works in three ways:
- Via Point® or PointCentral® with seamless integration for maximum convenience
- Via an imported DU 3.2 file or direct data entry into LoanScorecard.com
- Via a web services call to the LoanScoreCard FHA engine
Find out how much money you can save on FHA loans with LoanScoreCard! Call your account management team today at 800-362-2599.
March 29, 2012
Today we’re excited to announce the latest offering within our Calyx Decisioning System’s suite of automated underwriting and pricing products. LoanScoreCard is one of the few AUS programs approved by HUD to determine a loan’s eligibility for FHA insurance.
For just a fraction of what you might be currently paying for FHA findings, LoanScoreCard can be accessed directly from Point and the results delivered right back into the file from which it was ordered. You can also run LoanScoreCard from the LoanScoreCard.com website or by using web services.
No matter how you order, you’ll receive detailed FHA findings as well as HUD-approved messages and decisions from TOTAL and LoanScoreCard underwriting.
LoanScoreCard and the entire suite of decisioning products will save you time and money when determining loan eligibility and pricing within investor or FHA program guidelines. The Calyx Decisioning System is fully integrated with your Calyx software and allows you to focus on higher quality loans with the same easy-to-use functionality you experience with Point.
Learn more about LoanScoreCard today by calling your account representative at 800-362-2599 or visiting our Calyx Decisioning System site.
January 22, 2010
– Released Wednesday, January 20, 2010–
FHA Announces Policy Changes to Address Risk and Strengthen Finances
New Measures Will Help FHA Better Manage Risk, While Maintaining Support for the Housing Market and Access for Undeserved Communities
4 Policy changes announced:
- Mortgage insurance premium (MIP) will be increased to build up capital reserves and bring back private lending
- Update the combination of FICO scores and down payments for new borrowers.
- Reduce allowable seller concessions from 6% to 3%
- Increase enforcement on FHA lenders
Click here to access the full article from HUD. This article lists all of the “details” of the four changes listed above.
Let us know if this type of information is valuable for you to get via our CalyxCorner blog. Thx!