Fifth Third Mortgage Building Platform For Wholesale, Correspondent Lending

Posted by Orb Staff on October 23, 2012 No Comments
Categories : Residential Mortgage

Fifth Third Mortgage Co. says it is working with CoreLogic Dorado, a business unit of CoreLogic, to develop a new online loan processing system designed specifically for third-party originators in Fifth Third's wholesale and correspondent lending channels.

‘Fifth Third is making these technological enhancements at an ideal time to help third-party originators grow their business in a market where loan quality and operational efficiency is vital to long-term profitability,’ says Dain Ehring, senior vice president of CoreLogic Dorado.

The companies say the key objective behind the new system is to improve functionality and help brokers and lenders reduce the time spent processing loans online.

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