Press Releases

Loan-Score Decisioning Systems Taps Bowerbank as Director of Marketing

IRVINE, CA, October 8, 2007 – Loan Score Decisioning Systems, an emerging leader in enterprise-class automated underwriting solutions, announced that it has hired Joe Bowerbank as director of marketing. In this newly created position, he will drive development of the company’s marketing, branding and communications strategy.

Bowerbank, who has more than 12 years of marketing management experience, will be responsible for positioning and marketing Loan-Score’s suite of decisioning products, which include its flagship automated underwriting system (AUS), product and pricing engine, point-of-sale portals and bulk secondary marketing solutions.

Before Loan-Score, Bowerbank held the director of marketing position at Portellus Inc., one of the industry’s fastest growing LOS and AUS vendors. Prior to that, he headed the marketing strategy at AUS vendor Commerce Velocity Inc.

“I strongly believe that building a first-rate, customer-centric technology firm requires three key components: forward-thinking development efforts coupled with highly innovative, well-engineered products; service and support that is superior to the competition; and fine-tuned sales and marketing execution,” commented Bowerbank. “While performing extensive due diligence on the company, I found two of these fundamentals to be stronger at Loan-Score than I have observed at any other software company, and I was impressed they had achieved so much success without ever hiring a single salespeople or doing any marketing. "Loan-Score has been very successful in growing its business purely based off client and partner referrals, but I am laser-focused on aggressively building out a sales and marketing program designed to take them to the next level."

Bowerbank added: “What most people don’t know is that Loan-Score has been developing leading-edge products for over seven years, and has engineered an outstanding stable of Web-based decisioning solutions. I firmly believe that they are the industry’s best kept secret in high-end mortgage technology today.”

Loan-Score will be offering demonstrations of its pricing and underwriting solutions at the 94th Mortgage Bankers Association Exposition and Conference in Boston, October 14 - 16,in its private meeting suite at the Sheraton Boston Hotel. Contact the company to arrange a discussion time at 949.450.0102, ext. 29.

About Loan-Score Decisioning Systems
Founded in 2000 and based in Irvine, California, Loan-Score Decisioning Systems offers the industry’s most accurate eligibility/pricing engine along with a true best-of-breed AUS on a software-as-a-service (SaaS) basis for all lending channels. Loan-Score maintains a comprehensive, up-to-date library of investor guidelines and pricing to ensure eligibility is met and market conditions are adjusted to deliver precision-based underwriting that results in fundable loans. The company’s solutions are engineered to deliver swift, cost-effective implementations that integrate with existing LOSs and avoid inflexible programming efforts and high maintenance costs. Through Loan-Score’s unique approach to customer service, the company’s on-demand SaaS model offers clients the option to utilize its extensive library of investor guidelines, or the ability to manage unique program guidelines themselves. Loan-Score’s solutions are in production with small, medium and large lending institutions. For more information, visit www.loan-score.com or call 949-450-0102.

CONTACT:
Joe Bowerbank
Loan-Score Decisioning Systems
949.450.0102