HMIC Picks Portellus Broker Portal

Harbourton Mortgage Investment Corp., Santa Rosa, Calif., has selected the Portellus Broker Portal to serve its broker network at the point of sale.The system has been customized to HMIC's specific program offerings, and will be private-labeled as HELPS (Harbourton Electronic Loan Processing Solution). HMIC will also be using the Portellus loan origination, business rules management, and automated underwriting systems. The portal, scheduled to launch in the fourth quarter, will give brokers real-time access to pricing, pre-qualifications, credit/debt management, and automated credit approvals at the point of sale. According to HMIC, the system includes automated best-fit product and pricing determination, the ability to pull/re-pull credit, debt management and deal structuring, up-to-date pipeline loan status, rate-lock capability, and AU approvals complete with pricing, underwriting conditions, and exceptions. Portellus Inc.. Irvine, Calif., bills itself as a leader in the application of Service Oriented Architecture for the mortgage banking and insurance industries. The companies can be found online at http://www.hmic.com and http://www.portellus.com.