PriceMyLoan Announces Direct Integration With Desktop Underwriter and Desktop Originator

Automated underwriting technology vendor PriceMyLoan (PML) announced today the completion of a direct integration with Fannie Mae's Desktop Originator(R) (DO(R)) and Desktop Underwriter(R) (DU(R)). The integration allows lenders using PML to submit loan casefiles and credit reports directly to DO/DU to obtain underwriting recommendations.

'We are proud of this integration because of the added efficiencies it provides for our customers,' said Gigi Campbell, director of national sales at PML. 'This integration underscores our ability to meet the high standards set by Fannie Mae, and adds immense value to our system.'

The integration gives PML users the ability to:
-- Access both DO and DU.
-- Automatically populate loan casefile information for submission to DO
and DU.
-- Order new credit reports or reissue existing credit reports.
-- Populate loan data, credit report data and DO or DU findings in PML.

'The interface is really a convenience feature but it's had a measurable effect on our processing,' said Prince Aurora, president of Aurora Mortgage, a mortgage lender based in Virginia. 'We no longer have to go through the process of exporting, saving and then manually importing files into DU. The PriceMyLoan integration with DO/DU saves Aurora about fifteen to twenty minutes per file. With the volume of conforming products we're currently processing, that's a significant amount of savings.'

About PriceMyLoan

PriceMyLoan is a proprietary product of Insight Lending Solutions (ILS). Founded in 2002, ILS provides web-based application service for the mortgage lending industry and software as a service (SaaS) to its clients to enhance productivity, reduce IT dependency, and accelerate time-to-value for mortgage companies. Combining advanced technology development using XML and MISMO standards with high-quality service, ILS provides its clients with solutions that result in reduced loan cycle times, improved pull-through rates, and a lowered total cost of software ownership. For more information, please visit http://www.pricemyloan.com/.

Contact:
Linn Cook
PriceMyLoan Marketing Director
714 957 6335 or Lncook@pricemyloan.com

Source: PriceMyLoan

CONTACT: Linn Cook, PriceMyLoan Marketing Director, +1-714-957-6335,
Lncook@pricemyloan.com

Web site: http://www.pricemyloan.com/