Mortgage Software Solutions
Introduces LoanLens™
Web Status Lookup Module
ANNAPOLIS, Md. (October 11, 2004) - Mortgage Software
Solutions, Inc. announced the release of a new add-on module for
its two premier loan origination software products - The Mortgage
Solution and Mortgage Conductor for Credit Unions.
LoanLens™ lets mortgage applicants keep a close
eye on the status of their loan by using the loan originator's
website to look up the current status. LoanLens™ gives mortgage
applicants piece of mind as they walk through the lending process.
The module is designed to save employees time (and in doing so
reduce the cost of processing a mortgage) by reducing calls from
realtors and mortgage applicants looking to know the status of
their loan - time that can be used to process and close more loans.
LoanLens™ can be installed and running on an
existing Mortgage Software Solutions system, including The Mortgage
Solution and Mortgage Conductor for Credit Unions, in just a few
days after ordering. The module is priced at $795.
Mortgage Software Solutions
Introduces
The Mortgage Conductor for Credit Unions
Company's Flagship Loan Origination
Software Now Custom-Configured for Credit Unions
ANNAPOLIS, Md. (October 1, 2004) - Mortgage Software
Solutions, Inc. announced the release of a new credit union version
of The Mortgage Solution – the company's flagship loan origination
software product. Dubbed "The Mortgage Conductor for Credit
Unions," the software is custom-configured for the unique
needs of credit union loan professionals.
The software release is based on knowledge the company
has gained from its 15-year history of working with credit unions
who purchased and continue to use customized versions of The Mortgage
Solution.
"When we started working with CUNA Mutual Mortgage,
their representatives previewed mortgage processing software we
had created for the credit union industry," said Judy Noelle,
head of Marketing & Sales. "After previewing our software,
the people at CUNA Mutual told us that it was the answer to a
long search for the 'right' software product perfect for their
present and future clients using CU Connect. I believe it is the
'right' choice for any credit union, one that will increase the
accuracy and speed of the entire mortgage process, and at a cost
far below most of the heavily-advertised options.
The Mortgage Conductor is designed for residential
mortgages, and completely handles and tracks the mortgage origination,
processing, tracking, closing and reporting functions. It also
interfaces with other lenders and mortgage service providers.
"Whoever wrote this software knew what they
were doing," is what mortgage experts tell Judy. "And
there's a good reason for that - our software was created by a
financial expert who worked several years in all aspects of mortgage
banking."
Judy is talking about Dale Francis, founder of Mortgage Software
Solutions, Inc., who formed the company after a disheartening
experience with software while he was a loan officer. Judy knows
the story well. "After he was forced to spend an entire week
of training on an expensive yet flawed new custom software package
his company just purchased, he thought 'I can do it better than
this.' So he did."
The company Dale created, Mortgage Software Solutions, Inc.,
and the software his company introduced – first The Mortgage
Solution and now Mortgage Conductor for Credit Unions – were
designed with the loan process first in mind. The Mortgage Solution
was the first – possibly the only – mortgage processing
software created by a mortgage banker, for mortgage bankers.
Since then, the company has received an excellent response from
credit unions previewing the product. "Mortgage Conductor
is a natural follow-on to that success," said Judy. "The
credit unions who purchased The Mortgage Solution were so pleased
with the product, they naturally asked us to customize it to fit
the particular needs of their credit union, which is something
we do for all our clients," added Judy. "Mortgage Conductor
is the branding we're giving to the credit union customization
of our product, which is very thorough."
Mortgage Software Solutions
and a la mode Connect
Lenders to Appraisers Via the Mercury Network
OKLAHOMA CITY, Okla. (JUNE 9, 2003) - Mortgage Software
Solutions, Inc., and a la mode, inc. have announced the completion
of seamless integration between The Mortgage Solution loan origination
system (LOS) and the Mercury Network, a la mode's real estate
appraiser network.
The Mortgage Solution's client/server LOS product is designed to
scale-up to a growing community bank or credit union's
requirements for larger operations, such as growing a multi-branch
environment. As with the standard version, The Mortgage Solution's
client/server version is designed to follow the natural flow of
originating, tracking and closing a loan - what Mortgage Software
Solutions calls "mortgage ergonomics."
"From our inception, Mortgage Software Solutions has
continually improved and expanded on The Mortgage Solution's
capabilities to ensure it continues to meet the needs of growing
community banks and credit unions," said Mortgage Software
Solutions founder and President Dale Francis. "Integration
with partners like a la mode are an inherent part of what has made
The Mortgage Solution so easy to use for fifteen years."
The Mercury Network is an open architecture platform, based on
Extensible Markup Language (XML) standards established by the
Mortgage Industry Standards Maintenance Organization (MISMO). a la
mode customers - real estate appraisers - subscribe to the Mercury
Network to safely connect electronically to more lender clients
while using the report form filling software of their choice,
regardless of its brand.
This new integration allows Mortgage Software Solutions lenders to
not only work with their existing appraisers, but also place
electronic appraisal orders with appraisers in every county in
every state in the U.S. Mercury Network appraisers are able to
deliver industry-standard PDF appraisal report files along with
MISMO-standard XML tracking data back to their clients - Mortgage
Software Solutions customers. Custom workflow and review rules
pre-process the report, saving work and time for the appraiser and
increasing turn times for the lender.
Focused on connecting every segment of the industry, the Mercury
Network consists of true desktop software components and lender-centric
server software tied together by a la mode's net.Xô backbone.
Members of the Mercury Network enjoy simple and elegant solutions
to common collateral workflow problems which have not been sufficiently
addressed by other appraiser internet portals or legacy report-conversion
products.
Mortgage Software Solutions
Launches
Client/Server Version of The Mortgage Solution
New version designed to serve growing community
banks
and credit unions, with scalability for multi-branch operations
ANNAPOLIS, Md. (MAY 20, 2003) - Mortgage Software Solutions today
announced the launch of its new client/server version of The Mortgage
Solution - its comprehensive loan origination, tracking and closing
system for community banks and credit unions.
The Mortgage Solution's client/server version is designed to
scale-up to a growing community bank or credit union's
requirements for larger operations, such as growing a multi-branch
environment. As with the standard version, The Mortgage Solution's
client/server version is designed to follow the natural flow of
originating, tracking and closing a loan - what Mortgage Software
Solutions calls "mortgage ergonomics."
"After coming onto the market in 1988 with one of the
mortgage industry's first loan origination systems, Mortgage
Software Solutions has continually strived to provide the
industry's most comprehensive system for home loan origination,
tracking and closing, while keeping it easy to use," said
Mortgage Software Solutions President Dale Francis. "The
launch of a new client/server version ensures that The Mortgage
Solution will remain relevant as community banks and credit unions
grow their businesses to include bigger and even multi-branch
mortgage departments."
The Mortgage Solution is perhaps the most comprehensive system
for loan origination, tracking and closing that is designed for
the unique needs of community banks and credit unions. Its
intuitive "ergonomic" design flows through the loan
origination process, interfacing along the way with automated
underwriters, such as Fannie Mae, Freddie Mac and CUNA Connect,
and other service providers. At closing time, The Mortgage
Solution saves originators time and money as one of the few
systems with embedded closing documents and the capability of
electronic document delivery and loan registration.
First issued in 1988, The Mortgage Solution today is in use
with a wide range of mortgage originators around the United
States.
