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ABOUT MILA |
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Put MILA In Your Office ™ - Company Overview
Headquarters: |
MILA Financial Center
6021 244th Street SW
Mountlake Terrace, WA 98043 |
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Phone: |
800.332.MILA |
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Website: |
www.mila.com
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Company Information
| Founded: |
1984. Incorporated in 1989 |
| Founder and CEO: |
Layne E. Sapp |
| Number of Associates: |
500 |
| Company Profile: |
MILA, Inc. (Mortgage Investment Lending Associates)
is an e-commerce mortgage solutions provider that utilizes AccessPoint, a proprietary (e-commerce portal) for online loan decision and management.
Current monthly loan fulfillment through the AccessPoint platform averages $400 million from activities in 28 states. |
| Principal Products: |
E-commerce loan fulfillment offering a wide range of programs serving the residential mortgage market. |
Productivity and Growth
| Volume: |
2006 Project: $4.5 billion
2005 Actual: $4.5 billion
2004 Actual: $3 billion |
| Growth Rate: |
2004 to 2005 = 85 percent
2003 to 2004 = 100 percent
2002 to 2003 = 27 percent |
| Subscriber Base: |
5,000 companies
12,000 offices
42,000+mortgage and real estate professionals (broker/subscribers) |
Average Loan
Fulfillment Times: |
Loan Commitments through AccessPoint - 30 seconds
Full loan file submissions 24-48 hours to docs. |
Technology Applications
AccessPoint
AccessPoint is MILA's proprietary online loan platform. More than a decisioning engine, AccessPoint has been designed as a platform that brokers and small mortgage banks can use to manage their entire business, from marketing, product selection and rate locks to fraud prevention, settlement service fulfillment and document preparation.
For more complete information about the technology behind AccessPoint visit the Technology overview or sign up for our daily WebEx AccessPoint live training here.
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Company Overview 