Tool Puts Investor Guidelines in Lenders' Hands

Sollen Technologies, Dallas, an Internet-based application services provider of product, pricing, and best-execution capabilities, has unveiled technology that will be added to its Lender OnLine loan finder and pricing tool to bring investor guidelines downstream to lenders.This new tool will allow loan officers and secondary marketing users to view the actual guidelines from an investor rather than an interpreted version of the guidelines to better decide whether an applicant is qualified for a particular loan program. Lender OnLine is a Web-based application that enables loan searching, validation, loan-level-adjusted pricing, and locking for a wholesale, retail, correspondent, or call center application. The program allows the originator to capture multiple lending options in one execution, searching loan types, loan products, and documentation at the same time to find the optimal match for the borrower. The announcement was made at the 93rd Annual Mortgage Banking Association Convention & Expo in Chicago. The company can be found on the Web at http://www.sollen.com.