Subprime Wholesaler Touts Automated, Online Pricing System

American Guardian Home Loans, a Calif.-based wholesale mortgage lender specializing in Alt-A and nonprime products, announced Thursday that it had launched an online pricing and pre-qualifying engine for its subprime and Alt-A loan programs. Called Guardian Quality, the engine pre-qualifies and prices a loan based on borrower’s basic criteria such as property, loan credit and prepay and pricing information.

“Pricing and pre-qualification engines are an ideal resource for brokers looking to serve their borrowers more effectively,� said Eva Morales, CEO and principal broker for Prodigal Mortgage Group. “Not only does the GQ Pricing and Pre-qualification engine give brokers the flexibility to make multiple programs available for their borrowers and look at all necessary loan guidelines, but they also result in increased loan volume.�

Morales said the new GQ Pricing and Pre-qualification engine provides a user-friendly and simple way for brokers to quickly pre-qualify and price loans for potential borrowers, further boosting their efficiency and productivity. In addition, she said it enables brokers to get pricing and review guidelines 24 hours a day, seven days a week.

“American Guardian has always strived to provide brokers with a convenient way to do business,� said Kamran Khosravi, president of American Guardian. “We made certain the GQ Pricing and Pre-qualification engine would offer origination solutions that are simple, fast and user-friendly. With this engine, brokers are equipped with the necessary tools to focus on increasing their business productivity by enabling a faster way to pre-qualify and price their loans.�

The GQ Pricing and Pre-qualification engine is a part of American Guardian’s GQ Technology, which is a resource for brokers to exceed industry standards and offer superior products and service to help them increase their volume. The launch of this engine is American Guardian’s first phase to enable brokers to boost their competitiveness. The second phase includes the GQ Automated Underwriting System scheduled to be rolled out in February and the third phase includes GQ Marketing Materials, GQ Educational Resources (i.e. Webinars) and GQ Live Chats scheduled to be rolled out in March.

For more information, visit http://www.amguardian.com.