Forward on Reverse: Why mortgage brokers and lenders need to be reverse ready

National Mortgage Professional

Oct 29, 2006

PriceMyLoan and Tri-Star Lending Group collaborateMortgagePress.comPriceMyLoan Platinum Investor Program In order to optimize its automated underwriting and loan pricing engine, PriceMyLoan.com (PML) has introduced the Platinum Investor Program, in which investors whose loan products are included in the PML system perform testing and validation. Tri-Star Lending Group is working within the program, to provide direct testing and verification of PML's automated underwriting and loan pricing engine. Investors enrolled in the program can use the PML engine to input loan scenarios and credit report information. Results generated by PML are checked for guideline and pricing accuracy, by the investor. Any discrepancies or changes are communicated directly to PML engineers, where updates are released immediately to every PML client using that investor's loan products. Costa Mesa, Calif.-based PML is a proprietary product of Fountain Valley, Calif.-based Insight Lending Solutions, an application service provider of enterprise systems for the mortgage industry. For more information, call (714) 957-6335 or visit www.pricemyloan.com. Winter Park, Fla.-based Tri-Star Lending Group is the wholesale and correspondent lending division of Orlando, Fla.-based direct mortgage lender Pinnacle Financial Corporation. For more information, call (877) 676-4605 or visit www.tristarlendinggroup.com.

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Oct 29, 2006

People On The Move

MBA Appoints Rachel Kelley Legislative Affairs VP

Kelley's focus will be on Republican members in the House.

The Mortgage Bankers Association appointed Rachel Kelley as its vice president of legislative affairs, with a focus on advocating MBA's legislative and policy priorities on Capitol Hill, particularly among Republican members of the U.S. House of Representatives. Kelley bring...

Analysis and Data

Mortgage Applications Inch Up 0.3%

Despite a 50 basis point decline in rates over past six weeks, purchase activity remained approximately 20% lower than the previous year.

Mortgage applications saw a marginal uptick of 0.3% for the week ending Nov. 24, 2023, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. The results, however, have been adjusted to account for the Thanksgiving holiday. The ...