Paula Parisot who writes for Mortgage Daily.com, just wrote an article about our Loan Scenario RSS Feed, which is the first of its kind. Here is a portion of the article that appears in Mortgage Daily.com:




By PAULA PARISOT


Broker Network announced it has developed a software program that generates an RSS feed to subscribing wholesale lenders as soon as a broker submits a loan request, giving lenders instant access on their desktops and mobile phones.

Broker Network executive Julian Bond told MortgageDaily.com that for now the system is being offered free to lenders while it is still in the evaluation phase of development.

"I am contacting account executives and offering it at no cost for the first few months so they can start testing it," Bond said. "So far, everyone seems to like the concept."

Loan request data includes the pertinent information regarding the loan, such as: loan amount and type, property and occupancy type, loan-to-value, the applicant’s credit score, employment, income, property taxes and housing expenses.

As soon as the request form is completed, the lender is alerted by their news aggregator that they have received a new item from the RSS feed subscription.


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