Industry News

IndyMac eases real estate loan qualification process

Consumers avoid hassle of re-submitting application

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IndyMac Bancorp today announced that customers can now select multiple loan products when submitting a pre-qualification through QuickPricer, the company's online pre-qualification, pricing and rate-locking platform. This new functionality allows IndyMac customers to submit a loan and determine if the client qualifies for up to three products – an interest-only ARM, a hybrid and pay-option ARM, and fixed- and second-lien products –all in one step. QuickPricer will return available rates and pricing for each product to see which option meets each borrower's unique needs and circumstances. With this new feature the QuickPricer platform will also provide originators with a comparison summary, offering one program per product with up to five pricing scenarios each. Once a loan program has been selected it can be easily converted into e-MITS, IndyMac's online loan decisioning tool. IndyMac is the holding company for IndyMac Bank, the largest savings and loan in Los Angeles ...