home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

Nonprime and Subprime News | Subprime Statistics
Stories about non-QM products. Coverage of subprime, Alt-A and
hard money lending. Home-equity loans and home-equity lines of credit.

Alt-A Brokering for Dummies

Mortgage Lenders Network takes lighthearted approach to broker manual

May 23, 2005

By MortgageDaily.com staff

An Alt-A and nonconforming wholesaler has applied the For Dummies approach to the handbook of its automated underwriting system.

Mortgage Lenders Network USA Inc. announced it partnered with the publishers of the popular For Dummies guides to help write the training manual for its new AU tool, MLoan.

"Before introducing MLoan, we did a sufficient amount of broker research," said James Pedrick, Mortgage Lenders' executive vice president, in the announcement. "We learned that brokers were dissatisfied with the customer service and the lack of training provided for AU systems. [Mortgage Lenders] prides itself on exceptional customer service and with the launch of our new AU system, we wanted to assure brokers that we are bringing this philosophy to MLoan."

visit Mortgage Lenders Network USA's Web site
MLoan for Dummies is a "first-of-its-kind handbook" that explains the AU features, such as how to import loans from loan origination software and pull free credit reports, in a simplified way using the For Dummies' lighthearted approach, the Connecticut-based wholesaler said.

In addition to the handbook, printed in the signature yellow and black colors, the MLoan introductory kit includes a mini-CD that contains a short, informative overview of the system, Mortgage Lenders said, noting that it aims to communicate that it is "putting a new spin on AU."

MLoan was launched earlier this month. The system reportedly provides a user friendly interface and personalized support. Its features allow brokers to create, manage and save multiple loan scenarios, such as full-doc loan versus a light-doc loan, and to certify appraisals prior to submission to ensure that an appraisal value will not be questioned when the final loan package is submitted, according to an announcement.

Privately-held Mortgage Lenders says it is a lender and one of the nation's top ten sub-servicers of Alt-A/nonconforming loans, and that it services a majority of the loans it originates.

Mortgage Industry Books
Read about books reviewed by MortgageDaily.com reporters. Book subjects include mortgage banking, loan originating and selling.

Mortgage Broker News | Originator Newsletter
Stories about mortgage brokering and broker programs. Profiles of successful mortgage brokers. Articles about mortgage brokers who excel at other activities. Broker lawsuits and criminal broker activity.

Wholesale Lending News | Directory | P r i cing Engine | Originator Newsletter
News about wholesale lenders, correspondent lenders and wholesale mortgage lending programs. Alt-A, subprime and other niche loan programs. Lawsuits between wholesalers and brokers.

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders