>>Sound underwriting?
Uhuh.
And what guarantee is there that the FICO scores in question are verified any better than the ones Argent Mortgage fabricated on thousands of loan apps?
No FICO? No Problem - when you've bought the source code to the Empower loan origination software (like Argent Mortgage did) then you can "Revolutionize" the mortgage industry by simply changing bits of the software you don't like - such as changing the Read Only bit for the FICO field on certain data entry screens; thus allowing any old number the "loan exec" (or whoever) approved to be pulled out of thin air....
Where's LEO, RICO?