*Lender Programs Go Electronic*
**Correspondent Details Published**
***Lake Michigan Financial Group is publishing the library of program details for the Company’s Correspondent Lending Division electronically. Lake Michigan’s program details will now be available through their corporate website for approved correspondents and through AllRegs Market Clarity and AllRegs Investor Library for mortgage lenders.
****Lake Michigan Financial Group will now leverage the AllRegs technology platform and publishing expertise to manage and maintain its library of correspondent mortgage program details. Users will benefit from a variety of productivity tools, including an electronic Table of Contents tree which links to the program details. Content is also accessible through a robust search engine that features a thesaurus with industry jargon and relative matching results.
****Internal customers and business partners, through AllRegs products such as the Investor Library and AllRegs Market Clarity, will now be able to access details on a variety of programs, including:
****>> Fannie/Freddie conventional conforming loans with no overlays
****>> HARP loans (both Fannie and Freddie)
****>> Jumbo loans (FIXED RATE and ARMS) up to 90% LTV
****>> Non-warrantable condo loans
****>> LMMI Loans with built-in discounted MI premiums
****>> Fannie Mae HomePath Loans
****>> FHA and VA Loans
****>> Portfolio ARM loan products
****“We at AllRegs are proud to provide Lake Michigan Financial Group staff and business partners with an innovative and robust resource to access their program details in real-time,” says Dan Thoms, Executive Vice President of AllRegs. “Delivered through our proprietary technology, the LAKE MICHIGAN FINANCIAL GROUP lending library will help their staff and partners alike to streamline business processes and increase productivity.”
****“Lake Michigan Financial Group (LMFG) is proud to add AllRegs as a corporate strategic partner,” stated Eric Burgoon, Senior Vice President Mortgage Lending, Lake Michigan Credit Union. “We have found their full suite of services and technology allows us to provide our clients with immediate and simplified access to our product guidelines and our platform offerings.”