SearchMyLoan.com Announces Strategic Alliance With Chevy Chase Bank

Simplifies lending process for originators

 SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced an alliance with Chevy Chase Bank, the largest bank headquartered and operated in the Washington, D.C., metropolitan area, to provide an exchange of rates, pricing and other information to simplify the lending process for mortgage brokers and other originators.

Through the partnership, Chevy Chase Bank is providing SML complete access to its data portfolio. The up-to-date rates and pricing are now available to all SML subscribers, delivering loans tailored to meet the unique needs of each borrower. In return, Chevy Chase products are included on the SML platform at no additional charge to the bank.

“Aligning with SML makes our own lending products available to a wider variety of brokers and other originators,” said Brad Harvey, group vice president of Chevy Chase Bank. “Our wholesalers and correspondents are experiencing new levels of speed and accuracy with the technology and data sources leveraged through SML.”

“We completely support all program guidelines and deploy this data over the Web, and our users have access to the system 24/7 without the hassles of maintaining or installing any software,” said Salvatore Tomaselli, CEO of SearchMyLoan.com. “This creates huge efficiencies in dealing with program data which is changing continuously.”

Chevy Chase Bank offers niche mortgage products now made available through the SearchMyLoan.com system such as Cashflow Option Loans, jumbo loans, fixed minimum payments and one percent start rates.

About Chevy Chase Bank
Chevy Chase Bank traces its roots back for more than 100 years to the founding of the B.F. Saul Company in 1892 by Mr. B. Francis Saul. Over the past century, Chevy Chase Bank became established as one of the leading mortgage banking companies in the Washington, D.C., area. As the region’s largest locally owned bank, Chevy Chase Bank continues to expand its business in several key areas – retail banking, commercial banking, mortgage, home equity lending and investment subsidiaries. For more information on Chevy Chase Bank, visit www.ccbcorrlending.com.
       

About SearchMyLoan.com
SearchMyLoan.com (Port Washington, N.Y.) provides loan search and pricing services to wholesalers and correspondents of all sizes. All loan types, such as conventional, sub prime and Alt-A, are supported by the company’s online search service. The company fully maintains its own product data and automates the loan search and pricing process.  For more information on SearchMyLoan.com, visit www.searchmyloan.com.

Sarah Wroble
William Mills Agency
678-781-7236
sarah@williammills.com