Lenders First Choice Launches Fast
|October 23, 2006|
Designed to Meet the Needs of HELOC Lenders
Lenders First Choice
CHICAGO--(BUSINESS WIRE)--Lenders First Choice (LFC) has released its Equity Protector Power Tools, a new line of services created to deliver fast and accurate mortgage processing options to HELOC lenders. The new services were announced at Mortgage Bankers Association's 93rd Annual Conference.
The Equity Protector Power Tools include four new services designed to streamline Home Equity/HELOC processing - Equity Protector, Equity Protector Plus, Equity Protector L&V and Equity Protector L&V Plus. Equity Protector is an informational package including legal description, vesting documentation and liens. Equity Protector Plus offers the addition of a junior lien or limited liability policy. Equity Protector L&V is designed for legal description of the property and vesting. Equity Protector L&V Plus is an enhanced version of Equity Protector L&V that protects against potential undisclosed problems not covered under credit.
"Lenders First Choice is dedicated to developing innovative solutions to meet the needs of today's lenders, and these new solutions are specifically designed for the unique business model of home equity lending," said Bill Moody, president of Lenders First Choice. "This streamlined approach to HELOC processing provides the necessary information to lenders and gives further protection and assurances that investors continue to demand. Furthermore, though much of this solution is automatic, lenders still benefit from the world-class service that has become our trademark.