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June 23, 2006
NetBank Funding Services Introduces New Tools to Streamline Loan Submission Process and Simplify Closing Packages
NetBank Funding Services recently introduced two new web-based tools for brokers and correspondents on its website at http://www.netbankfunding.com.
A new automated underwriting engine enables brokers and correspondents to qualify borrowers for Alt A products at the point of sale. Users simply go to the NetBank Funding website, upload their loan file and then submit it to the automated underwriting engine. It evaluates credit and loan data on Alt A products and instantly provides a recommendation of Eligible, Ineligible or Refer with a detailed findings report.
Posted by S. Germain at June 23, 2006 09:42 AM