SearchMyLoan.com offers mortgage insurance through loan search and pricing engineMortgagePress.comSearchMyLoan, mortgage insurance, Salvatore Tomaselli, A-paper, Alt-A, FHA, sub-prime loans
SearchMyLoan.com (SML), a provider of loan search and pricing
services for the mortgage industry, announced it is now offering
users of its loan search and pricing engine the ability to identify
mortgage insurance products.
The search and pricing engines mortgage insurance (MI) feature
enables loan officers to locate insurance companies within seconds
of any loan search, allowing users to see which MI company will
approve the loan and/or whether lender-paid MI is available.
The feature was added to address a challenge that originators
face when identifying the loans that include insurance backing.
Originators now can enter the loan scenario into the system, obtain
the suitable product and programs and click on a "MI" button to
find insurance company matches.
"The MI feature immediately matches the loan program and product
with the most appropriate mortgage insurance company within five
seconds, addressing the problems faced getting MI loans approved,"
said Salvatore Tomaselli, CEO of SearchMyLoan. "Now within a single
seating, our customers can identify which MI company can approve
the loan without having to go to a third party for information.
This reduces the time and effort involved in matching the right
loan with proper insurance."
SearchMyLoan.coms platform is a loan search engine providing
comprehensive search and pricing for every loan type, such as
A-paper, ALT-A, FHA and sub prime loans.
For more information, visit www.searchmyloan.com.
