Commerce Velocity, Irvine, Calif., has announced the introduction of an end-to-end group of mortgage services that extends into secondary-market functionality.The company said the group of services "weaves automated processing and superior intelligence throughout the entire mortgage processing channel" to handle lead management, point of sale, eligibility and pricing, underwriting, document preparation, fulfillment, loan risk modeling, and more. Founded in 1999, Commerce Velocity has had its greatest impact so far in offering automated underwriting for subprime and nonconforming loans, particularly for wholesale transactions. Funding America recently adopted Commerce Velocity's CQ BrokerConnect Automated Underwriting platform to provide brokers and borrowers with instant pricing, pre-qualification, and AU approvals. The company can be found online at http://www.cvelocity.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