American City Mortgage Corp. is underwriting loans through its Web site and says it can offer borrowers approval within an hour.

The mortgage company said last week that it will be able to underwrite conventional mortgages insured by Fannie Mae and Freddie Mac and FHA and VA mortgages, using the new delivery channel.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.