Mid-Island Mortgage Selects PriceMyLoan Pricing Engine

Posted by Orb Staff on June 08, 2010 No Comments
Categories : Residential Mortgage

and wholesale lender Mid-Island Mortgage Corp. has deployed PriceMyLoan's (PML) automated underwriting and loan pricing engine, PML says. The pricing engine integrates with the Federal Housing Administration's (FHA) TOTAL Mortgage Scorecard loan approval platform – a feature that Mid-Island's sales manager for wholesale lending, Terri Cutting, describes as a critical factor in the system selection process. PML [link=http://www.mortgageorb.com/e107_plugins/content/content.php?content.5185]completed an interface[/link] with TOTAL Mortgage Scorecard in January. The interface enables lenders to originate, underwrite and price FHA loans in PriceMyLoan's platform. All aspects of the approval process can be handled through the system, PML says. Several additional factors came into play for Mid-Island in selecting the pricing engine. "We liked the fact that we could customize our underwriting guidelines – and our brokers were happy to know that they could use their own credit reports,’ says Cutting. SOURCE: [link=http://www.pricemyloan.com]PriceMyLoan

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