ReadyPrice Provides First Cal Access To Their Multiple Loan Listing Service Platform

Oct. 27, 2010 - PRLog -- San Jose, Calif.,  ReadyPrice (www.readyprice.com), the mortgage industry’s first technology-driven MLLS (Multiple Loan Listing Service) provider for the residential mortgage industry, announced that it is providing its innovative marketplace and decision engine to First Cal’s wholesale mortgage division. This service allows First Cal to increase their productivity and quality of service to their customers by having access to virtually every loan program from every major lender in the state—including pricing, adjusters and underwriting guidelines.

“The First Cal and ReadyPrice alignment is a great partnership,” said Jeff Minch, ReadyPrice Chief Operations Officer.   “We are excited to provide our services to First Cal and their mortgage originators who are recognized for their stellar reputation for outstanding service.  Partnering with ReadyPrice allows First Cal to provide their mortgage professionals with fast and accurate information so that their staff can be more strategic and productive in their sales process.” Minch added. “We view ourselves as a high value industry partner to our customers. By addressing the inventory and price hunt issues so many face in the industry today, we empower them to be more productive.” Minch added. “What use to take hours, now takes just seconds.”

The ReadyPrice team has developed the industry’s first ‘Multiple Loan Listing Service’ (MLLS) giving mortgage professionals instant insights into the entire market, enabling them to find the very best product for every borrower—in a fraction of the time.  The company’s intuitive single-screen search uses a simple data entry process to supply complex best execution results.  ReadyPrice provides a faster and easier way for mortgage professionals to do business.

About First Cal
Throughout its nearly 30-year history, First Cal and its affiliates have funded more than $200 billion in residential loans across the U.S. Today, First Cal is an approved FNMA Seller/Servicer, an approved HomePath Lender, and is licensed to lend in nine states: including Arizona, California, Colorado, Hawaii, Idaho, Nevada, New Mexico, Oregon and Washington.  

First Cal specializes in high quality, fully documented conforming, jumbo, FHA and VA loans.  It is a Fannie Mae direct lender, a HUD Non-Supervised Title II Full Eagle Lender and an approved national correspondent for most of the largest U.S. banks.  The company maintains its headquarters in Petaluma, Calif. and is privately owned. It is located on the Web at www.firstcal.net.

About ReadyPrice  
Headquartered in San Jose, California, ReadyPrice LLC (www.readyprice.com) offers a subscription-based loan pricing and inventory management service for mortgage professionals. Founded by a team of mortgage and technology experts in the heart of Silicon Valley, the ReadyPrice team brings a proven history of developing solutions that deliver powerful results.

The Company’s intelligent pricing and inventory management engine delivers real-time rates, guidelines and adjusters for the universe of California mortgage programs. This enables mortgage professionals to know the full breadth of their program inventory instantly and accurately, thus exponentially improving their productivity and quality of service, making them the resource of choice for mortgage consumers.

‘Multiple Loan Listing Service’ (MLLS) is a service mark of ReadyPrice, Inc.

For more information about ReadyPrice, please visit www.readyprice.com or contact press@readyprice.com

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ReadyPrice offers loan pricing and inventory management service for mortgage originators and professionals. The Company’s intelligent pricing and inventory management engine delivers real-time rates, guidelines and adjusters for Calif mortgage programs