In Brief: NetBank, HomeSide in Tech Partnership

ATLANTA — NetBank announced Monday that it has entered a partnership with HomeSide Lending Inc. of Jacksonville, Fla., to offer loan origination technology.

The system will feature HomeSide’s mortgage platform, which uses Fannie Mae’s underwriting technology, and offer online loan approval in as little as 10 minutes.

“We make banking easier, more convenient, and more profitable for our customers,” said D.R. Grimes, NetBank’s chief executive officer. “To maintain this high standard of service, we’ve partnered with the nation’s premier Internet mortgage provider. HomeSide stands as a leader in successfully reinventing the online mortgage business.”

The process will be automated, but applicants will be able to call HomeSide’s lending specialists for support, NetBank said.

“We’re proud to forge this strategic partnership with a true leader in Internet banking,” said Kevin D. Race, president and chief operating officer of HomeSide.

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