SCME launches non-prime divisionMortgagePress.comSCME Mortgage Bankers Inc., CLEARPATH Lending Solutions, non-prime lending
SCME Mortgage Bankers Inc.
announced the launch of its non-prime lending division, CLEARPATH
Lending Solutions, www.clearpathonline.com,
specializing in offering non-prime mortgage programs to mortgage
brokers on a wholesale basis. SCME has appointed three long-time
mortgage professionals to head up CLEARPATH as Joel Finn will serve
as vice president of the non-prime division, Bill Smalley as
regional sales manager and Rebecca Bouck as operations manager.
CLEARPATH will leverage SCME's existing customer relationships
to promote its loan programs to mortgage professionals who are
looking to qualify the credit-challenged or non-prime borrower. In
addition to products, CLEARPATH will roll out new online
technologies to further support its customer base.
Fast Path, CLEARPATH's product and pricing engine, enables users
to search loan programs quickly and prices the loan instantly
according to borrower criteria. Brokers can quickly upload borrower
loan information from their POS system, re-issue previously-run
credit reports from 80-plus credit providers, or manually enter
borrower and loan information. With the data provided, brokers can
submit and track the status of their loans, from loan submission to
Located in San Diego, Calif., SCME Mortgage Bankers Inc.
originates loans on a wholesale and retail basis and offers a full
range of prime, alt-A, niche and government loan products. For more
information, call (800) 716-7263 or visit www.scme.com.