SCME Forms Nonprime Division

Published July 12, 2005, 2:00 p.m. EDT

1 Min Read

SCME Mortgage Bankers Inc., San Diego, has announced the formation of Clearpath Lending Solutions, a wholesale division that will specialize in offering nonprime mortgage programs to mortgage brokers.Clearpath will roll out new online technologies, in addition to products, to support its customer base, SCME said. The division's product and pricing engine, Fast Path, enables users to search loan programs quickly and price the loan "instantly" according to borrower criteria, the company said. "Brokers can quickly upload borrower loan information from their POS system, reissue previously run credit reports from over 80 different credit providers, or manually enter borrower and loan information," SCME said. The new division can be found on the Web at http://www.clearpathonline.com.

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