GreenPoint Targets Broker Commercial Lending

Following its February release of e-Point 3.2, GreenPoint Mortgage, Novato, Calif., is poised to launch a commercial lending version that will enable brokers to originate small commercial loans in the $500,000 to $5 million range.Originally built using Dorado's Wholesale ChannelMaster and PriceMaster products, e-Point will be slimmed down to offer a smaller set of commercial loan options. Beginning in July, GreenPoint's approved brokers will be able to go to GreenPoint's wholesale site and be guided through the commercial loan application from point of sale to close, the company said. GreenPoint can be found on the Internet at http://www.greenpointmortgage.com.