McLean, VA-based First Guaranty Mortgage Corp (FGMC) has deployed PriceMyLoan (PML), a loan pricing and automated underwriting system. FGMC provides all types of mortgage loans but has created a strong niche by focusing on families that find obtaining a mortgage challenging. Federal Housing Administration and Department of Veterans Affairs lending became more difficult when FGMC began automating more of its processes. PML's comprehensive use of credit report data and ease of use were other factors in FGMC's decision.
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