ARC SYSTEMS' AU ENGINE SELECTED BY LEHMAN BROTHERS.
ARC SYSTEMS, AUSTIN, TEXAS, HAS announced it has signed an
agreement with Lehman Brothers, New York. Under the agreement, ARC
Systems' automated underwriting (AU) engine, LT2k [TM], will enable
Lehman Brothers' whole-loan trading desks in mortgage-backed
securities (MBS) trading to purchase mortgage loans based on a
consistent set of quality/risk-controlled guidelines.
COPYRIGHT 2001 Mortgage Bankers Association of America
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001 Gale, Cengage Learning. All rights reserved.
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion