has licensed Tuttle Decision Systems Inc.'s software for pipeline management and secondary market analysis. said the new system will be used only for secondary market transactions, not for direct-to-consumer Web-based activities.

The Plantation, Fla., on-line mortgage company said it hopes the new software will increase its efficiency and, in turn, help it to offer higher-quality service and loan pricing.

Tuttle, a Mill Valley, Calif., technology and information processing company, announced the agreement this week at the Mortgage Bankers Association conference in New York.

The firm has two main lines of business, according to president and chief executive officer Paul E. Tuttle Jr.

"We are in the business of price distribution and loan registration as well as the conditioned risk management business," Mr. Tuttle said. "We can analyze data on individual loan sites" and can actually hedge for clients, he said.

Mr. Tuttle said that his company does not work with other on-line mortgage sites that only broker or match loans, but that he looks forward to working with them as they grow into full-service mortgage bankers.

Tuttle recently announced that its automated electronic loan-locking system handled more than $25 billion of loans last year.

The system helps conduits and lenders that sell loans to lock in rates.

Tuttle said lock volume more than doubled in the fourth quarter, to $8.3 billion, including volume from GMAC-RFC and Chase Manhattan Mortgage and through Freddie Mac's electronic network service.

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