DUBLIN, Calif. - E-Loan Inc., the on-line lending company, said it has started a mortgage application process it developed with the integration support of Freddie Mac's Loan Prospector tools.The process, using Freddie's automated underwriting system, offers borrowers instant loan approvals on-line, along with customized rates and real-time rate locks. E-Loan said the procedure is one of several on-line options offered to customers of Baldwin Real Estate Services, a real estate and mortgage brokerage headquartered in Arcadia, Calif.
MELVILLE, N.Y. - AppOnline.com Inc., a fast-growing Internet mortgage banker, said it has bought Arrowhead Mortgage Co., an on-line mortgage banker.AppOnline.com said the deal expanded its territory. Arrowhead is licensed in Ohio, Kentucky, Indiana, Kansas, Missouri, Colorado, Texas, and West Virginia. Terms of the transaction were not disclosed.