Visionet Opens Agile Development Center for the Mortgage Industry

- Visionet's mortgage specific knowledge templates and enabling
solution components significantly cut time to market-
CRANBURY, N.J.--(Business Wire)--Visionet Systems is pleased to announce the formal inauguration of
its Agile Methodology centric development center for the mortgage
industry. Software is traditionally developed using a rigid process
where 50% of the project effort is spent on writing the business,
technical, and testing specifications before significant development
begins. This traditional methodology generally requires less access to
the business or application user community since more time is spent
preparing the documentation for review by the business users. This
methodology serves well when the business requirements are predictable
and industries are mature. In our experience, any project which takes
more than a year in the mortgage industry generally fails due to
dynamic nature of the mortgage business at macro and micro levels. We
are making this statement after working with top 30 mortgage lenders
and servicers over the last decade.

The mortgage industry needs rapid application development
methodologies to deliver software solutions in time to exploit market
opportunities, whether it is retooling from Alt-A to Conforming
products or reengineering to comply with new government sponsored
foreclosure avoidance programs. One such rapid application development
methodology is called Agile Programming. Agile methodology is very
popular among technical staff, but it requires a lot more time and
side-by-side active involvement from business as the development is
done without writing exhaustive specifications. Visionet has devised a
solution to this problem by combining mortgage business domain
expertise and software engineering prowess into a single team.
Visionet has developed robust methodologies and knowledge based
templates to facilitate Agile Development in every mortgage sub
domains from no-mode re-fi to REO. This streamlined methodology cuts
the development time by 50% while keeping the time spent by business
to a minimum. The cost per function point is higher when using this
methodology, so the customer has to weigh the cost versus time to
market benefits.

About Visionet Systems

Cranbury, N.J.-based Visionet Systems is a full service mortgage
consulting and business process outsourcing company that delivers
products in the best-of-breed philosophy. Using a combination of
consulting, metrics-based technology solutions and business process
outsourcing, Visionet Systems helps lenders identify and remove
inefficient processes to improve profitability. Founded in 1995, the
company's customers include mortgage lenders and servicers. For more
information, visit www.visionetsystems.com.

Visionet Systems Public Relations
Cliff Johnson, 609-409-1063 x 1116
info@visionetsystems.com
www.visionetsystems.com

Copyright Business Wire 2008