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Genworth's IO 40 features smaller payment increase

National Mortgage Professional
Sep 28, 2006

IndyMac enhances e-MITS online loan origination systemMortgagePress.comOnline loan origination system IndyMac Bank FSB has implemented two significant technology enhancements to its e-MITS online loan origination system. The first enhancement is the addition of piggyback loan functionality, which gives brokers the ability to enter a concurrent first and second lien in one e-MITS submission, eliminating additional data entry. The second is the ability to automatically add a HELOC, to complement an approved high loan-to-value standalone first mortgage. If a prospective borrower were to qualify, a HELOC would automatically be added to the standalone first mortgage, which could then be accepted, modified or canceled. IndyMac Bank is a savings and loan, based in Pasadena, Calif. For more information, call (800) 669-2300 or visit www.indymac.com.
Published
Sep 28, 2006
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