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Mortgage Lenders Network USA Simplifies AltA NonConforming Automated...

May 19, 2005 -- MLoan, the new automated underwriting (AU) system from Mortgage Lenders Network USA, Inc. (MLN) is so easy to use that MLN has partnered with the publishers of the wildly popular For Dummies guides to help write its training manual.



MLoan for Dummies is a first-of-its-kind handbook that helps "simplify" MLN's new AU tool for mortgage brokers. The For Dummies books use a lighthearted approach to teach people a new topic or provide a quick refresher.



Although written in an amusing and engaging tone, MLoan for Dummies, printed in the signature yellow and black colors, explains MLoan's features in a simplistic way, such as how to import loans from loan origination software (LOS), pull free credit reports, and much more.



The handbook isn't the only entertaining item brokers will find when they receive their direct mail MLoan introductory kit. To communicate that MLoan is "putting a new spin on AU," MLN has included a colorful toy top and a mini-CD that contains a short, informative overview of MLoan.



James Pedrick, Executive Vice President of MLN, said MLoan for Dummies provides brokers with two important services that have been overlooked with the advent of AU systems: good customer service and proper AU system training.



"Before introducing MLoan, we did a sufficient amount of broker research," said Pedrick. "We learned that brokers were dissatisfied with the customer service and the lack of training provided for AU systems. MLN prides itself on exceptional customer service and with the launch of our new AU system, we wanted to assure brokers that we are bringing this philosophy to MLoan."



Pedrick added that MLN's partnership with For Dummies is a perfect fit with MLN's business philosophy - exceptional customer service and smarter business solutions. "MLN knows how busy the average broker is and the difficulties associated with learning a new AU system. MLoan for Dummies is a tongue-in-cheek way of reassuring brokers how easy MLoan is to learn and use."



About MLoan

MLoan, MLN's automated underwriting system, is the smarter solution to

Alt-A/Non-Conforming lending. MLoan's easy-to-use interface allows brokers to create, manage and save multiple loan scenarios, granting the broker the flexibility to choose how they navigate through the system. Among its other unique advantages, the "validate-your-value" feature provides the broker with the ability to certify appraisals prior to submission. For greater ease of use, MLoan can transfer data from many loan origination systems such as Contour, Calyx, Genesis and Encompass.



For more information about MLoan visit www.mlnusa.com.



About MLN

Mortgage Lenders Network (MLN) is one of the top originators and servicers of Alt-A/Non-Conforming mortgages in the country. With its nation-wide sales network and its leading-edge AU system, MLoan, MLN delivers smarter mortgage solutions with streamlined technology and highly personalized service. MLN is headquartered in Middletown, Conn., with regional wholesale offices in Phoenix, Atlanta, Chicago, and Philadelphia. For more information about MLN or its products and services, visit www.mlnusa.com or call 1-800-360-1231.

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