A new sub-prime search engine for mortgage professionals that provides multiple lenders’ loan types, rates and yield spreads has launched.
The Loan Runner Loan Search Engine, a tool for brokers and originators, searches and analyzes sub-prime loan scenarios for numerous major lenders in seconds and displays all the loans, yield spread premiums and rates at once, the company said.
The search engineallows mortgage professionals to quote all loan types and rates for sub-prime clients and provides instant comparison from leading lenders, including Wells Fargo, Countrywide and Argent, the company said. Brokers and originators can directly link to a lender’s website or notify the lenders rep to contact them.
“Brokers will not have to waste time and effort analyzing rate sheets with the use of this comprehensive tool,” said co-founder George Jenich in a statement. “It’s a ‘one-stop-shop’ to find a lender with the best products and pricing for you and your customer.”
The search engineis available for a monthly subscription fee of $29.95, which includes 50 searches, and all unused rollover to the following month. There is a demo on the Loan Runner Web site.
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