LoanScorecard Powering Angel Oak’s New QuickQual Tool for Non-QM Loans
August 26, 2019
LoanScorecard is powering Angel Oak’s new QuickQual loan tool, which aims to significantly enhance the ease and speed at which loan officers (LOs) can determine borrower eligibility for non-QM loans.
QuickQual delivers loan eligibility decisions within a matter of minutes, eliminating a process which used to take up to 24 hours, Angel Oak says. The automated underwriting system (AUS) instantly produces a loan eligibility report, which is also sent to the appropriate account executive.
If the report indicates a successful pass, the LO can submit the loan with the click of a button.
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