Premier Capital Lending, a mortgage lender based in Arlington, Texas, has successfully deployed PriceMyLoan's automated underwriting and loan-pricing engine, according to PriceMyLoan.
PriceMyLoan generates automated underwriting results based on credit data read directly from a borrower's credit report and direct interfaces to the government-sponsored enterprise automated underwriting systems. The result is point-of-sale responses that translate directly into a higher pull-through rate for lenders, the company says.
‘PriceMyLoan does a complete underwrite before loans get to our pipeline, which keeps our staff focused on loans that are going to generate revenue," says Perry Stiles, senior vice president of branch development for Premier Capital Lending. "We're not chasing our tails working on loans that don't close,’ said Stiles.