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11/05/2004
MILA, INC. REACHES 1,000,000 ACCESSPOINT LOGINS


Mountlake Terrace, WA – MILA, Inc., the wholesale mortgage banking company, today announced its 1,000,000 broker login to AccessPoint, MILA’s online loan management and automated underwriting engine. Launched in 2002, AccessPoint is the only Web-based system in the industry that provides complete loan information and tracking in real-time.

MILA’s advanced AccessPoint technology streamlines the entire loan process by providing all necessary information to the broker upfront while eliminating phone tag with the lender. By using AccessPoint, brokers are able to:

  • Access loan information in real-time
  • Share loan information with their borrower, office and MILA team
  • Have direct communication with their MILA team to resolve issues
  • Get documentation tied to their loans
  • Get an upfront loan commitment
  • Fund loans in as little as 24 hours, moving towards MILA’s vision of delivering a closed loan within four hours
  • Know the status and description of every condition
  • “Shop” their loan through all MILA’s loan products and programs
  • Get accurate and consistent loan decisions every time
  • Approve the best loan programs for their borrower
  • Resubmit loan applications for additional programs

“To reach such an important milestone is proof that AccessPoint continues to enable brokers to close more loans faster than ever before,” said Layne Sapp, MILA CEO. “AccessPoint gives control of the loan back to the broker and borrower.”

Since its initial launch, AccessPoint has had a huge following. To date, AccessPoint logins average approximately 120,000 hits per month. Additionally, 30,000 loan officers and processors use the technology with an additional 500 brokers being added per month.

“With AccessPoint I have access to my loan pipeline 24 hours a day, seven days a week,” said Marge Lohr, loan processor. “The system is so proactive that I have the information I need before I even need it.”

MILA offers a broad range of alternative mortgage-lending products in 26 states and is one of the fastest growing mortgage lenders in the nation. In addition to helping brokers manage their loans, MILA’s technology provides brokers with a fast, consistent loan experience every time.

About MILA, Inc.
MILA, Inc., one of fastest growing mortgage companies in the nation offers a broad range of alternative mortgage-lending products in 26 states. MILA recently was awarded Customer Service of the Year by the Better Business Bureau for “outstanding commitment to exceptional customer service standards in relation to our customers, employees and surrounding community.” The company’s commitment to borrowers has enabled MILA to rank among the top wholesale lenders in the country for more than 15 years. Stability, financial strength and the successful implementation of business strategies give MILA the ability to meet the challenges of the ever-changing mortgage lending markets and to anticipate market trends.





Contact: Michelle Homes
Michelle.Homes@mila.com
425.275.0800


 






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