and sub prime loans. About SearchMyLoan.com SearchMyLoan.com (Port Washington, N.Y.) provides loan search and pricing services to mortgage bankers and mortgage brokers of all sizes. All loan types, such as conventional, sub prime and Alt-A
, are supported by the company?s online search service. The company fully maintains its own product data and automates the loan search and pricing process. For more information on SearchMyLoan.com, visit www.searchmyloan.com.
PORT WASHINGTON, N.Y., July 16, 2008 ? SearchMyLoan.com (SML), a provider of loan search and pricing services for the mortgage industry, announced it is now offering users of its loan search and pricing engine the ability to identify mortgage insurance products. The search and pricing engine?s mortgage insurance (MI) feature enables loan officers to locate insurance companies within seconds of any loan search, allowing users to see which MI company will approve the loan and/or whether lender-paid MI is available. The feature was added to address a challenge that originators face when identifying the loans that include insurance backing. Originators now can enter the loan scenario into the system, obtain the suitable product and programs and click on a ?MI? button to find insurance company matches. ?The MI feature immediately matches the loan program and product with the most appropriate mortgage insurance company within five seconds, addressing the problems faced getting MI loans approved,? said Salvatore Tomaselli, CEO of SearchMyLoan. ?Now within a single seating, our customers can identify which MI company can approve the loan without having to go to a third party for information. This reduces the time and effort involved in matching the right loan with proper insurance.? SearchMyLoan.com?s platform is a loan search engine providing comprehensive search and pricing for every loan type, such as A-paper, ALT-A,