Exclusive Mortgage Software Changes Industry

Sub-Prime Loan and Rate Finder Added to MBS Product Suite Accommodates wholesale, correspondent and/or retail with unlimited flexibility and scalability.

DALLAS, TX, January 15, 2007 – Mortgage Bank Solutions (www.mortgagebanksolutions.com), a provider of technology solutions and custom programming for the mortgage industry, announced today the addition of sub-prime to their suite of loan pricing software solutions.
“Mortgage Bank Solutions is setting the standard for lenders,” says Stacey Geringer, President of Mortgage Lending Solutions. “Lenders’ use of this technology for loan pre-approval, delivery of rates in realtime, and pipeline management shows that the mortgage industry is primed and ready for change. We’re extremely proud to be a part of this new generation of automation.”
Mortgage Bank Solutions (MBS) provides an online channel to market their loan products to mortgage brokers through any privately branded website. Brokers submit loan applications, either entered manually or uploaded directly from their LOS. MBS returns pre-qualified loan products, including sub-prime, and up-to-date pricing in less than 10 seconds.
Once loans have been pre-qualified and submitted for rate locking, the software will then handle the pipeline management and input into back-end systems. Automatic email notifications alert secondary to lock and begin processing the loan immediately. The systems also include a communication hub for lenders’ operations personnel to respond quickly and follow up on broker requests.
The ability to get realtime pricing and lock loans saves lenders’ overhead costs by reducing training and support requirements.

About Mortgage Bank Solutions: MBS products are designed so clients have the ability to manage their products and processes with tools that enable them to work smarter, not harder. MBS products are designed for ease of use for all personnel and to provide measurable ROI based on reduced overhead and increased revenues. MBS products integrate with existing LOS and back-end tracking software programs that are already in use protecting lenders’ existing technology investments. MBS is committed to the development of intelligent business solutions for lenders that combine cutting-edge technology with superior client support. For more information or to schedule a demonstration, please visit www.MortgageBankSolutions.com or call (972)732-9500.

###

MBS products are designed around the philosophy that our clients should have the ability to manage their products and processes with tools that will enable them to work smarter, not harder. We have designed our products to support ease of use for all personnel, and to integrate with existing LOS and back-end tracking software programs that are already in use.

Stacey Geringer
972-732-9500
stacey@mortgagebanksolutions.com

This release was published on openPR.