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InterFirstlink.com Empowers Community Banks With Full-Service Mortgage Capabilities ANN ARBOR, Mich., Dec. 5 /PRNewswire/ -- InterFirst Wholesale Mortgage Lending, Inc., a division of ABN AMRO Mortgage Group, Inc. and one of the nation's top wholesale lenders, recently expanded services offered through interfirstlink.com. Capabilities now include a wide variety of online mortgage services, enabling community banks to offer mortgage products they would not otherwise be able to. "Internet-based lending represents an enormous potential market and a cost-effective source of revenue for community bankers," said Fran Clemens, senior vice president. "interfirstlink.com opens that market to community bankers by giving tools specifically designed to enhance the ability to provide a full spectrum of mortgage products locally, without the added overhead costs." Expediting the loan application process, interfirstlink.com's expanded applicant information page integrates personal and financial information, property address and government monitoring data on one page. interfirstlink.com also imports data into the application from the applicant's credit report. Corrections to loan data can be made simply, without having to back track to the main application. In addition, interfirstlink.com now warns the community banker if the applicant has insufficient funds to close the loan and gives them the opportunity to reconcile missing or inaccurate information. interfirstlink.com also provides all the back office processing support making this service a truly unique, efficient way of providing mortgage services for community banks. A homebuyer's resource center was also recently added to interfirstlink.com, enabling community banks to serve as a one-stop information shop for its customers. Designed to help community banks grow their market share, value-added resource center includes online educational courses in mortgage origination and processes as well as a marketing resource center with advertising templates and other marketing tools. interfirstlink.com was formally launched in July 2002. To date, it has enrolled 10 community banks on the system. About InterFirst Wholesale Mortgage Lending Headquartered in Ann Arbor, Michigan, InterFirst Wholesale Mortgage Lending is consistently one of the nation's top wholesale and correspondent lenders. From its inception, InterFirst has created and maintained its position as an innovative market leader by responding to the needs of its customers with personalized service, training, and marketing support. InterFirst Wholesale Mortgage Lending is a division of ABN AMRO Mortgage Group, Inc. About ABN AMRO Mortgage Group, Inc. ABN AMRO Mortgage Group is the fifth largest loan originator and seventh largest loan servicer in the United States. ABN AMRO Mortgage Group produces mortgage loans and provides related services through its various divisions including InterFirst Wholesale Mortgage Lending, LaSalle Home Mortgage, ABN AMRO Mortgage, ABN AMRO National Lending Center, ABN AMRO Apartment Lending and ABN AMRO Mortgage Capital Markets. ABN AMRO Mortgage Group has more than 2,800 employees located throughout the United States. About ABN AMRO ABN AMRO Mortgage Group, Inc. is an indirect subsidiary of Netherlands-based ABN AMRO Bank N.V., one of the world's largest banks with total assets of (EUR) 614.6 billion and a presence in more than 3,500 locations in over 70 countries and territories. ABN AMRO is organized into three autonomous strategic business units responsible for managing wholesale clients, consumer and commercial clients, and private clients and asset management. SOURCE InterFirst Wholesale Mortgage Lending, Inc. Web Site: http://www.abnamro.com |
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