Mortgagebot Announces Expanded Alliance With Harland Financial Solutions
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MEQUON, WI, Jul 07 (MARKET WIRE) --
Mortgagebot(R) LLC is pleased to announce the expansion of its preferred
referral alliance with Lake Mary, Fla.-based Harland Financial Solutions,
Inc., an industry-leading supplier of software and services to thousands
of financial institutions of all sizes. The expanded agreement enables
Harland Financial Solutions to offer its clients the complete,
multi-channel Mortgagebot PowerSite(R) point-of-sale (POS) platform.
"Our clients are continually looking for ways to reduce expenses and
improve efficiency," said Dennis Swanson, vice president of strategic
alliances and programs for Harland Financial Solutions. "Our expanded
alliance with Mortgagebot enables us to recommend a point-of-sale
technology platform that can help our clients be more productive and more
competitive."
Mortgagebot PowerSite is the industry's leading platform for mortgage
point-of-sale automation. It handles the mortgage application, pricing,
and approval process for more than 900 lenders nationwide -- including
one-third of America's top 100 banks and nearly half of the top 100
savings institutions and credit unions.
When implemented enterprise-wide, PowerSite integrates a lender's
consumer-direct mortgage Web site with every other mortgage point of sale:
the branch, the call center, and the lender's team of professional loan
officers.
"We call this our 'integrated point-of-sale' or 'IPOS' solution," said Dan
Welbaum, chief marketing officer of Mortgagebot. "The IPOS approach to
automating the mortgage-application process enables lenders to empower
every consumer-facing associate to take complete, error-free applications
in minutes. By automating every POS channel -- the branch, call center, or
the loan officer's desk -- lenders may never need to turn away mortgage
applicants due to staffing limitations. Plus, they can handle spikes in
volume without adding staff."
The expanded alliance gives Harland Financial Solutions clients easier
access to the tools they need to handle a higher volume of loan
applications and is timely in light of increasing demand for mortgage
loans. Historically low interest rates, combined with a rise in housing
affordability due to falling real estate prices, yielded a big boost in
mortgage activity in Q1 2009 compared to Q4 2008 -- a 73 percent
production jump, as reported by the online industry newsletter
MortgageDaily.com.(1) The uptick in mortgage-application volume can
affect lenders' ability to keep pace with demand.
As part of the expanded agreement, PowerSite users continue to have the
option to implement automated integration software. This enables the
application data collected by PowerSite to be automatically transferred to
Harland Financial Solutions' mortgage automation and loan documentation
products, including Interlinq(R) E3(R) and LaserPro(R) Residential Real
Estate Mortgage. The two companies have many mutual clients who benefit
from this linkage.
Lenders gain real-world cost and convenience benefits
"PowerSite Consumer enables our customers to go online anytime, at their
own convenience, to apply for a mortgage," said a representative of NCB, a
federally chartered savings association with more than $7.6 billion in
assets. NCB is a Harland Financial Solutions Interlinq E3 client that is
headquartered in Washington, DC and has locations in five states.
"Installing PowerSite Consumer is part of our effort to eliminate the
mailing of paper applications."
NCB is also seeing noteworthy cost reductions from its multi-channel
PowerSite implementation. "We reduced our overall origination costs by 38
percent as a result of the huge time savings our loan officers and
processors have gained from using PowerSite," explained the NCB
representative. "Our loan officers use PowerSite Pro to quickly enter all
of the borrower's application-related data, so our processors no longer
have to locate missing information and do manual data entry."
The multi-channel PowerSite solution set is popular because it is a
comprehensive and cost-effective yet sophisticated point-of-sale platform.
It is quick to implement and easy to use for lenders of any size.
PowerSite's "smart" application technology enables consumers, branch and
call-center staff, and loan officers to complete error-free mortgage
applications in as little as 20 minutes. And because PowerSite is a
software-as-a-service (SAAS) solution, it is deployed over the Internet;
so there is no PC software for lenders to install or maintain.
The PowerSite product family includes:
-- PowerSite Consumer. Mortgagebot's original solution -- the only
PowerSite product that Harland Financial Solutions previously offered its
clients -- functions as a lender's "self-serve" mortgage Web site, taking
mortgage applications directly from online consumers '24/7/365.'
-- PowerSite Advisor. This innovative new product is for use in the
branch or call center. After only a brief training session, branch and call-
center staff can take complete, error-free mortgage applications.
-- PowerSite Pro. This flexible solution meets the unique application-
taking needs of professional loan officers.
About Harland Financial Solutions
Harland Financial Solutions, Inc. (www.harlandfinancialsolutions.com)
supplies software and services to thousands of financial institutions of
all sizes, offering its solutions in both an in-house and service-bureau
environment. It is a leader in core systems, business intelligence, branch
automation, payment processing, enterprise content management, lending
solutions, risk management, compliance, financial accounting, mortgage
solutions, and self-service solutions. The company is a wholly owned
subsidiary of Harland Clarke Holdings Corp., which also owns Harland
Clarke and Scantron.
About Mortgagebot
Mortgagebot LLC (www.Mortgagebot.com) is the industry-leading, Inc. 500
company that provides the unique, award-winning PowerSite family of
integrated point-of-sale (IPOS) solutions for taking mortgage applications
from every mortgage channel: consumer-direct via the Internet, in the
branch or call center; or through professional loan officers. Mortgagebot
blends extensive mortgage experience with leading-edge technology to
automate the mortgage-application process for over 900 banks and credit
unions nationwide.
Mortgagebot also offers Mortgage Marvel(R) (www.MortgageMarvel.com), the
award-winning, ad-free, online mortgage-shopping service that delivers
accurate, anonymous, real-time rate quotes in seconds from a nationwide
selection of lenders. But unlike other online mortgage-shopping services,
Mortgage Marvel enables borrowers to link directly to their preferred
lender -- where they can complete a mortgage application and get
conditionally approved with full disclosures, all in 20 minutes or less.
(1) "Biggest Mortgage Lenders," by MortgageDaily.com; Sam Garcia, Editor
(Dallas, Tex.); May 11, 2009. Copyright 2009 by MortgageDaily.com.
Mortgagebot, Mortgagebot PowerSite, and Mortgage Marvel are registered
trademarks of Mortgagebot LLC. INTERLINQ, E3, and LaserPro are registered
trademarks of Harland Financial Solutions, Inc. Other products and/or
services are the property of their respective owners.
Contact:
Cindy Golisch
President
PR Unlimited
480-471-8820
Copyright 2009, Market Wire, All rights reserved.
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