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ABC and LION Emit a Collective Roar

National Mortgage Professional
Nov 14, 2002

MLN Enters Sub-Prime MarketMortgagePress.comSub-Prime, Mortgage Lenders Network USA Inc., 600+ risk score Mortgage Lenders Network USA Inc. (MLN) has announced that it is expanding its sales force and its products in the 600+ risk score sub-prime mortgage market. New programs, pricing and processes have resulted in increases in wholesale loan submissions. The company's monthly production is up more than 50 percent from the second quarter of 2002, which has intensified the growth of the national sales force. Specifically, MLN has expanded the guidelines for its Alpine, Summit and Xtreme products. Changes include eliminating the requirement for a verification of mortgage/verification of rent on 620+ FICO products, increasing loan size limits and the maximum debt-to-income ratio on its Summit and Xtreme products, reducing business verification requirements on 620+ FICOs and increasing the loan-to-value cap on non-owner occupied loans on its Alpine product. For more information, visit www.mlnusa.com or call (888) 601-0800.
Published
Nov 14, 2002
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