Creative Mortgage Lending Offers Instant Loan Scenarios with CML Express.Online Pricing Engine Provides Brokers Easy, Efficient Access to Loan Programs SOUTHFIELD Southfield, city (1990 pop. 75,728), Oakland co., SE Mich., a suburb of Detroit, on the Rouge River; laid out 1817, inc. as a city 1958. There are electronics research, meat-processing, and printing facilities, and manufactures include plastic, metal, rubber, and , Mich. -- Creative Mortgage Lending (CML 1. CML - A query language. ["Towards a Knowledge Description Language", A. Borgida et al, in On Knowledge Base Management Systems, J. Mylopoulos et al eds, Springer 1986]. 2. CML - Concurrent ML. ), a wholesale lender specializing in Alt-A An Alt-A mortgage is a type of U.S. mortgage that, for various reasons, is considered riskier than "prime" and less risky than "subprime," the riskiest category. Alt-A interest rates, which are determined by credit risk, therefore tend to be between that of prime and subprime home and nonprime lending, launched CML Express, a comprehensive online product and pricing engine accessible to brokers any time through CML's Web site. CML Express provides brokers with convenient access to loan programs and rates along with the capability to convert loan scenarios into loan submissions. "Our goal at CML is provide brokers with industry-leading products and tools to meet their borrowers' needs," said Blaise Dietz Dietz is a surname, and may refer to:
CML Express is a user-friendly user-friendly - Programmer-hostile. Generally used by hackers in a critical tone, to describe systems that hold the user's hand so obsessively that they make it painful for the more experienced and knowledgeable to get any work done. online engine that is available through the company's Web site to all brokers, not just those currently enrolled with CML. Brokers input the borrower's data into the engine and within seconds receive a price scenario without reviewing rate sheets and matrices. In addition to providing various loan products and rates, CML Express allows brokers to download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. the application immediately. The system also gives brokers the ability to reissue re·is·sue v. re·is·sued, re·is·su·ing, re·is·sues v.tr. To issue again, especially to make available again. v.intr. To come forth again. n. 1. credit in CML's name, eliminating the need for the borrower's credit to be pulled twice. "CML Express is a self-sufficient pricing engine that will save time for brokers by providing the product and rate instantly for their particular situation," said Deb Howard, product specialist at CML. "Even if a broker is not signed on with us, they can still access the engine and receive their price scenario. It is not limited to brokers we currently do business with; therefore, any broker can have an answer within seconds if CML can finance their loan." Headquartered in Southfield, Mich., CML is one of few nonprime lenders that continue to be successful in the present difficult mortgage market. The company currently offers stated income 100 percent loan-to-value with a 660 credit score and a two tradeline product down to a 600 credit score. Other products include CML's Hybrid Pay Option ARM program, Nonprime Standalone stand·a·lone adj. Self-contained and usually independently operating: a standalone computer terminal. Second program, low-range core rates, mid-range expanded rates and platinum rates. CML's platinum rates are the most stringent credit product with the best nonprime rates. About Creative Mortgage Lending Creative Mortgage Lending (CML), founded in 2000, is a wholesale lender specializing in Alt-A and nonprime lending. CML is backed by one of the largest private equity groups in the Midwest. With more than 20 years of mortgage industry experience, CML provides brokers with industry leading products and service to meet their clients' needs. The company currently has relationships with more than 500 brokers, holds operating licenses in several states and continues to expand throughout the eastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For more information about CML Express, contact Deb Howard at dhoward@cmldirect.com. Visit the company's Web site at www.cmldirect.com. |
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