Finance Articles

CitiMortgage Extends Affinity Relationship with PCLender: PCLender's InHouse Mortgage LOS delivers compliant, quality portfolios to the secondary

HONOLULU (Business Wire EON) January 7, 2008 -- "We are very pleased to announce the continued partnership between PCLender and CitiMortgage," said Lionel Urban, founder and president of PCLender. "Our mission is to empower lenders to deliver the highest quality loan product both to the consumer and the capital markets. We believe that expertise and quality lending practices equate to the highest level of success for lenders. Our continued relationship with CitiMortgage in the midst of current market conditions speaks to the level of trust PCLender's compliance and quality assurance solutions have earned throughout the industry."

PCLender combines as many as eight key components of the loan origination process in a seamless configuration that fully supports complex compliance requirements and offers an ideal data security environment. Through this partnership, PCLender and customers gain access to unique synergies that result from combining PCLender's cutting edge, Web-based mortgage compliance and technology solutions with CitiMortgage's industry leading lending expertise and secondary market presence.

Some of the unique benefits to lenders through this partnership include:

-- Pricing Incentives

-- Full Product Offering - prime and non-prime, firsts, and community development

-- Business Ease - PCLender provides real-time CitiMortgage product and pricing information in addition to full-image capabilities.

-- Dedicated CitiMortgage Affinity Lending Team

-- PCLender Help Line - PCLender line dedicated to helping members conduct business with CitiMortgage

-- Customized online orientation sessions

-- Integrated imaging for electronic delivery (coming soon)

-- Integration for CitiMortgage print forms for initial disclosures, processing, underwriting and loan delivery.

"Land/Home has always experienced exceptional loan processing functionality and customer service from PCLender, its affinity program with CitiMortgage underscores our confidence in its enterprise LOS platform," said Land Home Financial Services, Inc, COO, Brenda Usher. "When market conditions include a great deal of uncertainty, our vendor partnerships can be invaluable, especially when they deliver improved incentives and services from major investors such as CitiMortgage."

About PCLender

Honolulu-based PCLender has for more than a decade helped mortgage bankers accelerate business performance goals through technology-enabled best practices guidance, services and solutions. PCLender's fully hosted enterprise mortgage lending platform InHouse Mortgage eliminates traditional "barriers to entry" for mortgage bankers seeking business process improvements on par with the Fortune 500. For more information about PCLender contact Lionel Urban at lurban@PCLender.com.

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