SearchMyLoan.com Forms Strategic Alliance with CIS Inc.

Date : 03/16/2008 @ 9:00AM
Source : Business Wire
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SearchMyLoan.com Forms Strategic Alliance with CIS Inc.

SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, has formed an alliance with Allamuchy, N.J.-based CIS Inc.

Through the alliance, CIS’s database of credit reports and related information fully integrates into SML’s search and pricing engine, enabling originators to pull credit and re-issue credit data for the most accurate and appropriate loan decisioning.

“By integrating with our extensive database of credit histories, SML is able to lead mortgage brokers and bankers to highly defined, instant lending options to virtually any loan product,” said Nancy Fedich, CEO of CIS Inc.

“Loan originators utilizing the SML engine are presented the most up-to-date loan products that directly respond to the ever-changing lending regulations,” said Salvatore Tomaselli, CEO of SearchMyLoan.com. “Our alliance with CIS decreases research time spent identifying loan options, enabling loan officers to focus on originating new files.” SearchMyLoan.com’s platform is a loan search engine providing comprehensive search and pricing for every loan type, such as A-paper, ALT-A and sub prime loans.

About CIS Inc.

CIS Inc. is one of the nation’s largest providers of credit and real estate information, serving clients ranging from mortgage brokers and property owners to major lending institutions. CIS interfaces with all major loan origination systems and automated underwriting engines enabling users to share borrower information with their lender of choice. All CIS products are ordered and received over secured Internet protocol. CIS also has offices in Portland, Ore., Baltimore and Tempe,Ariz. For more information, visit www.cisinfo.net.

About SearchMyLoan.com SearchMyLoan.com (Port Washington, N.Y.) provides loan search and pricing services to mortgage bankers and mortgage brokers of all sizes. All loan types, such as conventional, sub prime and Alt-A, are supported by the company’s online search service. The company fully maintains its own product data and automates the loan search and pricing process. For more information on SearchMyLoan.com, visit www.searchmyloan.com.

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