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RALEIGH, N.C. – GE Mortgage Insurance has launched the industry’s first online workout approval system – e-LMO Fast TrackT. The new system is accessible through the www.gemortgageinsurance.com Web site and is part of GE’s/MI Servicer platform which is designed to Web-enable mortgage insurance loan servicing processes and increase lender productivity. Users log on to the GE Mortgage Insurance Web site with their identification, click on the “workouts” icon, enter the GE certificate number, select the workout type and enter the requested information line. In most cases, says GE Mortgage Insurance, there is no need to send paperwork. Richard Nastasi, senior vice president and e-business leader for GE Mortgage Insurance said e-LMO Fast TrackT virtually eliminates document transmission time to give lenders immediate, automated approvals on specific workout solutions for non-performing hours.

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