SwiftView and Netupdate develop communications portal – NMP Skip to main content

SwiftView and Netupdate develop communications portal

Jun 05, 2006

LoanCity introduces five-year fixed payment option ARMMortgagePress.comPayment option ARMs, LoanCity LoanCity has unveiled a new payment option ARM product called "Take 5ive Option ARM," which combines the most attractive features of a payment option ARM with the interest-rate stability of a 5/1 hybrid ARM. The new product gives borrowers the option of paying at the low start rate (currently two percent) for up to five years, paying interest only, paying at a 15-year rate or making regular principal and income payments at a 30-year level. The product's note rate does not reset monthly and is fixed for five years. LoanCity is a wholesale mortgage lender based in San Jose, Calif. For more information, call (800) 281-2626 or visit www.loancity.com.
About the author
Published
Jun 05, 2006
More from
Tech
UWM Broadens Non-Warrantable Condo Financing, Adds Eligibility Tool

The wholesale lender is giving brokers more options for projects outside standard agency guidelines and a faster way to identify potential loan products

Sep 21, 2026
ACES Targets Loans Traditional QC Samples May Miss

New population-testing technology applies lender-defined rules across selected origination and servicing records, then directs flagged files to human reviewers

Sep 21, 2026
Originators Rank Marketing As Their Biggest Tech Bottleneck

Four OriginatorTech demonstrations showed how vendors are applying AI and automation to content, database outreach, and loan operations

Sep 18, 2026
GenWay Brings AI Automation To Non-QM Underwriting

The wholesale and correspondent lender plans to move six underwriting automation products into production within three months

Sep 18, 2026
FirstClose Adds Early Eligibility Screening To Home Equity Workflow

New lender portal centralizes lead assignment, preliminary qualification, and follow-up before applications enter underwriting

Sep 18, 2026