Interlinq Offers Gateway to Fannie Platform

Interlinq Software Corp., Kirkland, Wash., has released a new information conduit that it says can speed the mortgage-loan process by connecting lenders to an emerging electronic marketplace.The company said its MortgageWare Loan Management System/MortgageWare TC is the first interface to Fannie Mae's MortgageLinks information services platform. Currently, lenders rely on written reports or dial in to credit bureaus using various electronic data exchange standards. The new interface allows "an effortless flow of data in a common data standard, eliminating the need to re-key data," the company said. The software works with MortgageWare LMS version 8.1, which Interlinq recently released. Jim Leone, manager of mortgage information systems for Central Carolina Bank & Trust Co., Durham, N.C., beta-tested the interface and gave it a thumbs-up. "The end user spends less time keying in credit information and has more time to handle exceptions," Mr. Leone said. "It also eliminates the potential for clerical mistakes, which could result in poor underwriting decisions." Interlinq's website address is http://www.interlinq.com.