American Guardian One Step Closer to Paperless Mortgage; New Lending Automation Tools Expedite Loan Processes, Increase Profitability.LAKE FOREST, Calif. -- American Guardian Home Loans, a wholesale mortgage lender specializing in serving broker and homebuilder originations for Alt-A and non-prime products, is one step closer to delivering electronic mortgages by implementing Del Mar Del Mar is the name of several places in the United States of America:
tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. the origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real steps of a loan application and help borrowers make more informed decisions. "American Guardian is dedicated to offering a complete paperless loan process," said Kamran Khosravi, president of American Guardian Home Loans. "Adding WebTrac and GuideTrac will help improve efficiencies, increases pipeline capacity and allow us to compete with larger lenders." American Guardian will combine Del Mar Database's DataTrac suite of applications to automate To turn a set of manual steps into an operation that goes by itself. See automation. originations, increase efficiency and decrease dependency on paper documents. The lender will utilize the technology to provide better customer service for both brokers and borrowers by offering improved resources including automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. loan pricing, details of the pipeline process and current status of loans. The imaging capabilities that allow up-to-date access and product offerings for investors will help quickly determine loan programs that best fit their borrower's needs. American Guardian will replace costly and time-consuming paper bound processes, reducing data errors and redundancies. WebTrac and GuideTrac will permit the lender to quickly and easily capture the necessary data to create a loan file and manage, process and share the many documents required to close a mortgage. "Del Mar Database's software solutions are specifically designed to meet the needs of small to mid-size lenders," said John Walsh
John E. Walsh (born December 26, 1945 in Auburn, New York) is the host of the TV show America's Most Wanted. , president of Del Mar Database. "WebTrac and GuideTrac are sophisticated, easy-to-use and produce measurable ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). for lenders." About American Guardian Orange County-based American Guardian Home Loans is a wholesale mortgage lender serving broker and homebuilder originations for Alt-A and non-prime products. The company was founded in 1998 and serves its brokers and homebuilder partners with an emphasis on meeting their needs and serving rather than selling. Now licensed in Arizona, California, Colorado, Florida, Hawaii, Idaho, New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , and Oregon, American Guardian has deepened its industry reputation and broadened its outreach to brokers on a national scope. American Guardian provides a full complement of Alt-A and nonprime loan products through its wholesale division. The lender also handles A paper through its homebuilder divisions. For more information, visit www.amguardian.com. |
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