Mortgage Brokers Benefit from Online Access to OneFee Pricing
ANN ARBOR, Mich., June 8 /PRNewswire/ -- InterFirst Wholesale Mortgage
Lending, a division of ABN AMRO Mortgage Group, Inc., and one of the nation's
top wholesale lenders, recently began offering mortgage brokers its OneFee(SM)
"Pricing Tool Only" through Mortgages Online at InterFirst (MOAI),
InterFirst's online lending portal. Pricing Tool Only enables mortgage
brokers to produce unique guaranteed mortgage packages using local settlement
service providers.
"The innovative integration of Pricing Tool Only and MOAI brings industry-
leading, cutting-edge technology to a broker's local community," said Bob
Sullivan, ABN AMRO Mortgage Group first vice president, group manager, OneFee
Services. "Brokers who use MOAI to create OneFee loans are ultimately saving
their customers money by offering them the best loan, and pricing, to meet
their mortgage needs.
"Pricing Tool Only represents the latest tool InterFirst offers its broker
partners to help them succeed," Sullivan continued. "In this normalized,
purchase-driven mortgage market, brokers who are creative and cost-conscious
will gain customers and maintain market share."
With Pricing Tool Only integrated into MOAI, brokers can now lock and
track OneFee loans online. MOAI also enables brokers to use Pricing Tool Only
to compare the price they negotiate for settlement service costs with their
own local providers to the InterFirst OneFee closing costs.
Brokers utilizing InterFirst's Pricing Tool Only select their own
settlement service providers and negotiate the associated settlement service
costs. Pricing Tool Only enables brokers to manage their third-party vendor
services from the time of the mortgage loan application through the closing
and funding. Previously, mortgage brokers using InterFirst's OneFee lending
program were limited to third-party service providers and costs negotiated by
InterFirst.
More than 300 mortgage brokers offer InterFirst's OneFee to their
customers. To date, more than 5,000 OneFee loans have been closed by mortgage
brokers, with loan funding totaling more than $1 billion.
In addition to InterFirst's OneFee success to date, ABN AMRO Mortgage
Group has closed more than 175,000 OneFee mortgages through its retail lending
channels, for more than $30 billion in funding.
About InterFirst Wholesale Mortgage Lending
Headquartered in Ann Arbor, Michigan, InterFirst Wholesale Mortgage
Lending is consistently one of the nation's top wholesale and correspondent
lenders. From its inception, InterFirst has created and maintained its
position as an innovative market leader by responding to the needs of its
customers with personalized service, training, and marketing support.
InterFirst Wholesale Mortgage Lending is a division of ABN AMRO Mortgage
Group, Inc.
About ABN AMRO Mortgage Group, Inc.
ABN AMRO Mortgage Group is one of the largest loan originators and loan
servicers in the United States. ABN AMRO Mortgage Group produces mortgage
loans and provides related services through its various divisions. ABN AMRO
Mortgage Group has approximately 3,000 employees located throughout the United
States.
About ABN AMRO
ABN AMRO is a prominent international bank, its origins going back to
1824. ABN AMRO ranks 11th in Europe and 23rd in the world based on tier 1
capital, with over 3,000 branches in more than 60 countries, a staff of over
110,000 full-time equivalents, and total assets of EUR 560.4 billion (as of
December 31, 2003). ABN AMRO is listed on the Euronext, London and New York
stock exchanges.
SOURCE InterFirst Wholesale Mortgage Lending
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Related links:
http://www.abnamro.com
CONTACT:
Jenn Cornell of Eiler Communications,
+1-734-761-3399, or Jenn@EilerPR.com , for InterFirst Wholesale
Mortgage Lending
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