ARC, Guardian Unveil HELOC System

ARC Systems, Austin, Texas, and Guardian Mortgage Documents, Lakewood, Colo., have joined forces to offer a home equity line-of-credit system that combines lenders' credit criteria with an automated underwriting and document-preparation process.The HELOC Solution Suite is a Web-based application that allows users to enter all the information needed to make a decision on a home equity loan, the companies said. The application, customized to the lender's specifications, offers a Desktop Underwriter file format upload feature. The application service provider system requires no purchase of software or hardware. Only a desktop personal computer with a high-speed Internet connection and a Web browser is needed, ARC and Guardian said. The companies can be found online at http://www.arcsystems.com and http://www.gmdinfo.com.