Magazine article Mortgage Banking

PCM Taps Loan-Score to Launch New Mortgage Lending Operation

Magazine article Mortgage Banking

PCM Taps Loan-Score to Launch New Mortgage Lending Operation

Article excerpt

Irvine, California-based Loan-Score Decisioning Systems--an enterprise-class pricing and automated underwriting solutions provider--announced that Folsom, California-based Pinnacle Capital Mortgage Corporation (PCM)--a newly formed wholesale mortgage lender--has signed with the company to utilize its best-of-breed decisioning solution and seamless integration with its recently purchased back-end loan processing system, Del Mar DataTrac[R].

Loan-Score's solution allows PCM to automate product eligibility, pricing and underwriting approvals at the point of sale (POS) for brokers and also within DataTrac for operations staff, according to David P. Colwell, executive vice president at Loan-Score.

"In order to offer unparalleled customer service to its customers, PCM's POS platform and LOS [loan origination system] must to talk to one another in real-time," said Colwell.

The new mortgage banking firm has made technology a top priority by establishing a mandate to select its long-term technology partners before beginning to fund high volumes of loans. Collectively, Loan-Score's Web-based decisioning suite empowers PCM's brokers and account executives with automated POS and pipeline-management tools to elevate customer service, according to Steve Pavlos, PCM's chief information officer. …

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