While legislators and lobbyists take turns hailing or slamming the advent of computerized loan originations, some real estate industry upstarts are quietly capturing home buying market share with quick, efficient service.

One such upstart, Ryland Mortgage Co., a Columbia, Md.-based home builder and finance company operating in 18 states, is gliding through the third month of its new program, the "Five-Minute Mortgage," 24-hour-a-day automated computer fax service that Ryland developed to provide prequalifying mortgage information about home buyers to real estate sales staffs. The service could be a boon for real estate and mortgage lending industries.

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