by Tanta on 8/09/2007 07:31:00 AM
Thursday, August 09, 2007
Like Mr. Sanders, Joel Kaufman, president of Pittsburgh National Lending, works primarily with subprime lenders. When he saw problems developing in the subprime market several months ago, his South Side-based company changed its approach to getting customers qualified for loans. In the past, Mr. Kaufman would submit a customer's loan application to a single lender, then submit it to a different lender only if the first one did not work out.
Now, he said, "We like to submit our loans to at least three different lenders" from the outset.
Posted by Tanta on 8/09/2007 07:31:00 AM