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2008-08-05 15:15

Pricing Engines Gain Prominence

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RatePro, a new loan search service, integrates data from loan applicants’ credit reports with more than 150 loan programs from over 1,600 wholesale rate sheets, an announcement said. Loan searches yield results from more than 25 national wholesale lenders that include interest rates, yield-spread premiums and risk-based price adjustments. JMAC Lending has joined the SearchMyLoan.com database of wholesale lenders, a press release Thursday said. JMAC promotes Alt-A products, FHA loans, conforming programs and non-conforming loans with FICOs down to 620.

More: continued here

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• Tags: national wholesale lenders, non conforming loans, fha loans, gain prominence, wholesale rate

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This entry was posted on Tuesday, August 5th, 2008 at 3:15 pm and is filed under Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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