LoanCity enhances AU 2.0MortgagePress.comAutomated underwriting solutions LoanCity has announced that brokers using its AU 2.0 automated pricing and underwriting platform will now automatically be shown all home equity options that their borrowers are eligible for as part of their first mortgage transaction. "Finding the right combination of a first and second mortgage is critical to meeting customer needs, closing deals and improving the economics of these transactions for brokers," said Rick Soukoulis, CEO of LoanCity. "Our new 'matching seconds' feature accelerates this process and eliminates the possibility of selecting a product that the client won't qualify for, which can add friction to the origination process." LoanCity is a wholesale mortgage lender, based in San Jose, Calif. For more information, call (800) 281-2626 or visit www.loancity.com.
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