PriceMyLoan introduces seamless integration with ProLender

Automated Underwriting Engine Meets Post-Closing Follow-Through

COSTA MESA, Calif., July 19, 2006 -- PriceMyLoan, already being called the most accurate automated underwriting and loan pricing engine in the mortgage industry, has partnered with ProLender Solutions to integrate back-end services for loans after closing.

Gigi Campbell, National Sales Director for PriceMyLoan, reports that the integration with ProLender transfers loan-level data between PML and PL that will enable users to move seamlessly from origination and approval to the post-closing process.

"PriceMyLoan generates accurate eligibility and pricing on the front-end of the loan process," Campbell explains. "Combining our strengths in automated underwriting technology with ProLender's loan processing and post-closing functionality closes the continuum of the loan cycle for lenders."

Aimed at the small to mid-sized lender, the arrangement provides a level of automation normally only available to bigger lenders. "It levels the playing field," Campbell observes, "Together, we deliver a comprehensive automated solution for those lenders without the resources for high-priced, enterprise-level systems."

Benefits to the lender

The partnership creates an interface providing 360-degree service for loans, from origination through servicing.

"Loans initiated through PriceMyLoan will flow straight into ProLender, placing the loan data directly on the lender's server without re-keying the information as is normally required," Campbell explains.

"When an originator requests a loan product and pricing through PriceMyLoan," she adds, "this integrated solution moves the entire file automatically into the ProLender system."

Kevin Roczey, ProLender's President, notes, "PriceMyLoan is the best pricing engine on the market, and we have a number of clients in common with them. So it's a natural partnership."

"The PML-PL partnership takes a labor-intensive, error-prone process and makes it automatic," Roczey adds, "It eliminates a key bottleneck that can slow the loan process and inhibit a lender's responsiveness with originators. We're all looking for greater efficiency today, and this system will help lenders become more efficient."

About PriceMyLoan

PriceMyLoan is a proprietary product of Insight Lending Solutions (ILS). Founded in 2002, ILS provides web-based application service for the mortgage lending industry and software as a service (SaaS) to its clients to enhance productivity, reduce IT dependency, and accelerate time-to-value for mortgage companies. Combining advanced technology development using XML and MISMO standards with high quality service, ILS provides its clients with solutions that result in reduced loan-cycle times, improved pull-through rates, and a lowered total cost of software ownership.

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