Countrywide, GMD Form HELOC Alliance

Countrywide Financial Corp., Calabasas, Calif., has announced an alliance with Guardian Mortgage Documents that will make available Web-based preparation and delivery of documents on home equity lines of credit to Countrywide's Correspondent Lending Division.Countrywide said lenders will now be able to quickly generate HELOC documents that conform to Countrywide's guidelines through an interface between Countrywide's Platinum Lender Access website for correspondent lenders and GMD's Next Generation Input System. "HELOC documents are so complex, and the requirements vary dramatically from state to state," said John Dixon, an executive vice president at Countrywide. "Combining our Platinum site with GMD's Web-based document preparation technology enables lenders to easily navigate the process of creating and ordering these complicated documents." The companies can be found online at http://www.countrywide.com and http://www.gmdinfo.com.