MILA Touts New Jumbo Loan

MILA Inc., Mountlake Terrace, Wash., a wholesale nonprime lender also doing business as Mortgage Investment Lending Associates, has announced the addition of a jumbo loan program available to qualified borrowers for up to $1 million in 13 states.Brokers may access the program through DecisionPoint, MILA's instant automated underwriting system, the company said. The jumbo loan program, designed for first mortgages, is an enhancement of the company's standard first-mortgage loan maximum of $650,000. The loans are available in Arizona, California, Colorado, Illinois, Michigan, Minnesota, Missouri, Nevada, Ohio, Oregon, Texas, Utah, and Washington. The company can be found online at http://www.mila.com.