SRG Launches Warehouse Information Network

Atlanta-based Street Resource Group Inc. has announced the launch of the Warehouse Information Network, which offers a loan registry alert tool to prevent fraudulent drawing of funds from multiple warehouse lines simultaneously.WIN is an independent, membership-based collaborative providing "automated risk mitigation services, shared industry information databases, and forums for the exchange of ideas on issues related to mortgage warehouse lending," the company said. According to the announcement, WIN will function as a consortium to develop mortgage warehouse lending standards and practices as well as a vehicle to communicate as a collective group with other industries (title companies, electronic mortgage suppliers, etc.) that affect the business of warehouse lending. At launch, SRG will supply the management, technology, and leadership for the Warehouse Information Network. WIN offers a loan registry alert service to detect inter-warehouse fraud.