ABN Amro Mortgage Group has introduced a new Web-based application and loan submission platform for independent community banks who lack the resources to offer their own full-scale mortgage loan operations.
Interfirstlink.com enables community banks to sell mortgage loans from ABN Amro, while maintaining brand presence with customers. Once a community bank has delivered a completed consumer application through interfirstlink.com , AAMG provides complete back-end fulfillment of the mortgage application, including loan processing, closing and funding.
The Web-based application is made available through a specialised sales group in AAMG's InterFirst wholesale mortgage lending division. Fulfillment services are provided by AAMG's Florida-based operations centre.
William Newman, executive vice president, says: "Interfirstlink.com empowers community banks to offer a full line of mortgage products with minimal overhead and significant returns."