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Industry News

Stewart Announces Integration With New Generation Loan Prospector

December 16, 2002

HOUSTON, Dec. 16 /PRNewswire-FirstCall/ -- Stewart Mortgage Information (SMI) announced that its products and services are available through the new Freddie Mac Web site, http://www.loanprospector.com .

Freddie Mac has introduced its next generation of Loan Prospector® with tools that provide an easier way for lenders and brokers to originate mortgage loans. The new Web site efficiently allows basic loan application data to be shared among third-party service providers involved in the loan process -- including Stewart Mortgage Information.

"Integration with Loan Prospector seamlessly connects lenders to SMI services, further automating the steps from application to closing," said Kevin Gugenheim, chief operating officer, Stewart Mortgage Information. "Whether the information is keyed into the Web site, or electronically transferred via the lender's loan origination system (LOS), Stewart services such as flood zone determinations and title and settlement services are an easy click to order."

"Using the services provided by Stewart helps our mutual customers order mortgage products, check order status in real time, and get their orders fulfilled efficiently," said Tricia McClung, vice president of Loan Prospector. "Stewart was one of the first service providers on loanprospector.com."

"With this announcement, Stewart is ready to do business with Freddie Mac lender and broker customers throughout the nation via the Loan Prospector Web site," said Don O'Neill, president, Stewart Mortgage Information. "This integration is essential to Stewart's strategy to make available all the informational services needed to close a mortgage loan via electronic commerce."

Source: SMI



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