Creative Mortgage Lending Offers Instant Loan Scenarios with CML Express

SOUTHFIELD, Mich.--(BUSINESS WIRE)--Creative Mortgage Lending (CML), a wholesale lender specializing in Alt-A and nonprime lending, launched CML Express, a comprehensive online product and pricing engine accessible to brokers any time through CML’s Web site. CML Express provides brokers with convenient access to loan programs and rates along with the capability to convert loan scenarios into loan submissions.

“CML Express allows brokers to access our loan programs without always contacting an account executive. They can quickly receive various loan scenarios during the workday, as well as nights, weekends or holidays.”

“Our goal at CML is provide brokers with industry-leading products and tools to meet their borrowers’ needs,” said Blaise Dietz, co-CEO and co-president of CML. “CML Express allows brokers to access our loan programs without always contacting an account executive. They can quickly receive various loan scenarios during the workday, as well as nights, weekends or holidays.”

CML Express is a user-friendly online engine that is available through the company’s Web site to all brokers, not just those currently enrolled with CML. Brokers input the borrower’s data into the engine and within seconds receive a price scenario without reviewing rate sheets and matrices. In addition to providing various loan products and rates, CML Express allows brokers to download the application immediately. The system also gives brokers the ability to reissue credit in CML’s name, eliminating the need for the borrower’s credit to be pulled twice.

“CML Express is a self-sufficient pricing engine that will save time for brokers by providing the product and rate instantly for their particular situation,” said Deb Howard, product specialist at CML. “Even if a broker is not signed on with us, they can still access the engine and receive their price scenario. It is not limited to brokers we currently do business with; therefore, any broker can have an answer within seconds if CML can finance their loan.”

Headquartered in Southfield, Mich., CML is one of few nonprime lenders that continue to be successful in the present difficult mortgage market. The company currently offers stated income 100 percent loan-to-value with a 660 credit score and a two tradeline product down to a 600 credit score. Other products include CML’s Hybrid Pay Option ARM program, Nonprime Standalone Second program, low-range core rates, mid-range expanded rates and platinum rates. CML’s platinum rates are the most stringent credit product with the best nonprime rates.

About Creative Mortgage Lending

Creative Mortgage Lending (CML), founded in 2000, is a wholesale lender specializing in Alt-A and nonprime lending. CML is backed by one of the largest private equity groups in the Midwest. With more than 20 years of mortgage industry experience, CML provides brokers with industry leading products and service to meet their clients’ needs. The company currently has relationships with more than 500 brokers, holds operating licenses in several states and continues to expand throughout the eastern United States. For more information about CML Express, contact Deb Howard at dhoward@cmldirect.com. Visit the company’s Web site at www.cmldirect.com.