WestOne Mortgage will implement pricing and automated underwriting solutions provider Loan-Score Decisioning Systems’s integrated decision management platform.
According to Loan-Score, WestOne will provide decisioning tools through its customized portal that instantly returns a risk-based pricing decision. The result is a consistent, conditions-based decision predicated on sophisticated business rules, borrower credit profile and program guidelines.
On the back-end, WestOne’s operations staff will leverage Loan-Score’s decision management platform to improve cycle times, ensure accuracy and optimize the quality control review process, said Loan-Score.
WestOne says it will use Loan-Score’s solution to attract and retain top performers by eliminating the mystery and complexity associated with the traditional mortgage process, thus introducing a new standard in mortgage origination. Loan-Score will also integrate with PCLender, WestOne’s loan origination system, to facilitate effective communication between its partners working at the point-of-sale and with operations staff.
Patrick Weaver, CEO of WestOne Mortgage, said: By leveraging a new generation of end-to-end technology components, we create transparency throughout the originations process, enable knowledge-based decisions and originate quality loans. WestOne intends to meet industry challenges head on and raise the bar in lending standards to restore America’s trust in mortgage lending practices.