Monday, August 4, 2008

LendingTree to Use FHA Filter

American Banker (07/29/08) P. 6; Gorman, Danielle
Due to the increased popularity of FHA-insured mortgages, LendingTree LLC has implemented a tool that will help borrowers determine if they are eligible for the program and then pair them with federally qualified lenders. LendingTree spokeswoman Allison Vail notes that most of its partnering lenders are federally qualified to underwrite FHA loans. The company has long had the ability to use county loan limits and loan-to-value ratios, among other FHA criteria, to filer borrower requests.

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