WMC Mortgage, a wholesale lender specializing in the subprime market, recently announced plans to provide its automated underwriting engine to other lenders. The new system, a joint venture with Allied Mortgage which will be unveiled next month, brings together some of the largest lenders in the industry, said David Swain, director of e-commerce at WMC Mortgage. Brokers will be able to pre-qualify borrowers within a few seconds – and approve a loan while a borrower