Aimbridge Home Loans, Denver, has introduced a subprime mortgage program that it says allows credit unions to service a wider range of loans while reducing the risk associated with subprime lending.Under the program, a hyperlink is integrated into a credit union's existing website, allowing members to complete a loan application via a secure online connection, Aimbridge said. The company then runs a report to determine the applicant's credit score and borrower profile. "The risk associated with servicing subprime loans often forced credit unions to deny their members' applications," said Aimbridge president Keith Brown. ".... This subprime mortgage program allows credit unions to service all ranges of loans, with little to no risk involved." The company can be found online at http://www.aimbridge.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry