LoanPASS launches non-agency automated underwriting system

LoanPASS has launched LoanPASS AUS, a configurable underwriting platform aimed at helping lenders automate complex credit decisions without forcing loans into a standard credit box. The company says the system extends its rules-based architecture into non-agency lending to improve speed, consistency and auditability.

Why it matters: - LoanPASS AUS is designed to give lenders more control over underwriting decisions while still producing consistent and auditable outcomes. - The platform targets non-agency lending, where loan programs often rely on lender-specific guidelines rather than a single standardized credit model. - LoanPASS says the new system connects eligibility, pricing, locking and underwriting in one rules framework, which can reduce fragmentation across lending workflows.

What happened: - LoanPASS announced the launch of LoanPASS AUS on September 30, 2026, in Miami. - The company describes LoanPASS AUS as a configurable, rules-based automated underwriting system. - LoanPASS says the platform helps lenders automate complex credit decisions without forcing products into a standardized credit box. - Founder Bill Roy framed the rollout as the next step in a longer product strategy built around a rules-first architecture.

The details: - LoanPASS AUS uses the same configurable architecture that powers LoanPASS product and pricing. - Lenders can translate their own guidelines, eligibility criteria, calculations, conditions and credit policies into executable rules. - The system is built to produce deterministic decisions, meaning the same inputs should lead to the same underwriting outcome. - LoanPASS says that approach is intended to support consistency, repeatability and auditability. - The platform can be configured around an investor’s guidelines, a lender’s portfolio policy or both. - LoanPASS positions the system as different from a fixed underwriting model centered on a single credit box. - Bill Roy said, “Rules first. Then pricing. Then locking. Then underwriting.” - LoanPASS says its broader platform supports agency, non-agency, private credit and portfolio lending. - The company says the product suite is used by banks, credit unions, IMBs and private lenders. - LoanPASS says LoanPASS AUS extends automated eligibility validation, underwriting recommendations, conditions generation and decision support to portfolio, Non-QM, Bank Statement, DSCR, business-purpose and other non-agency lending programs. - LoanPASS says its pricing engine uses a flexible no-code rules engine and open API architecture. - LoanPASS also offers PMIPricer, a mortgage insurance quoting and ordering platform supporting all major U.S. MI providers. - More information is available on the company’s website.

Between the lines: - The launch signals a push to unify decisioning across the mortgage lifecycle instead of treating underwriting as a separate, isolated function. - By emphasizing configurable rules rather than a fixed credit box, LoanPASS is positioning the product for lenders that need to preserve proprietary credit strategies. - The focus on transparency and auditability suggests the platform is aimed at institutions that want automation without giving up oversight.

What’s next: - LoanPASS is likely to position AUS as part of a broader platform strategy that links product setup, pricing, locking and underwriting. - Lenders using non-agency programs may evaluate whether the system can help speed decisions and reduce manual underwriting work. - Adoption will depend on how well institutions can map their existing credit policies into the rules framework.

The bottom line: - LoanPASS is extending its rules engine into underwriting, betting that lenders want automation that preserves control instead of replacing their own credit logic.