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
LoanCity is a wholesale mortgage lender, based in San Jose,
Calif. For more information, call (800) 281-2626 or visit www.loancity.com.