IndyMac Mortgage Holdings Inc. said it has funded more than $1 billion in mortgage loans via the Internet since January 1998.

The company originates loans on-line through its patent-pending, Internet-based, point of sale automated underwriting and risk-based pricing system.

The system provides the originator with the ability to submit loans electronically, receive an automated underwriting decision and risk-based price that can be immediately locked in, and a complete list of closing documents to complete the transaction.

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