New Penn Financial: New Penn Financial Launches LoanScorecard's Portfolio Underwriter

New Penn Correspondent Division Increases Speed and Capacity Through AUS AutomationIRVINE, Calif., Oct. 15, 2018 (GLOBE NEWSWIRE) -- LoanScorecard®, the leading provider of non-agency automated underwriting systems (AUS), today announced its expanded partnership with New Penn Financial, LLC (New Penn), launching AUS for the Correspondent Division's SMART series products, growing the lender's presence in the non-QM market.New Penn's National Correspondent Division offers a proprietary line of non-QM products, including bank statement and asset programs, investor opportunities and expanded condo solutions geared towards unique and underserved borrower needs. The launch of LoanScorecard's AUS technology, Portfolio Underwriter®, builds on New Penn's goal to support its third party partners in "expanding capacity with speed and ease" to boost their volumes and aid in recruitment and retention efforts."We gained incredible efficiency running AUS for all non-agency loans over the past couple of years," said ...Full story available on Benzinga.com