Send2Press Newswire
Wed, 01 Sep 2010 21:00:19 GMT
Stearns Lending Grows Business with Loan-Score Platform
Point-of-sale decisioning solution helps lender fund over $600 million a month.
IRVINE, Calif., Aug. 5 (SEND2PRESS NEWSWIRE) -- Loan-Score Decisioning Systems, an enterprise-class pricing and automated underwriting provider, announced that Stearns Lending, Inc., a national wholesale and retail mortgage banker, has grown its business by more than 65% since going live with its solution in early 2009. Stearns utilizes Loan-Score's platform to automate pricing and underwriting for each of its 18 wholesale branches as well as its new affiliate branches. Currently, Stearns is the 15th largest lender in the country.
Integral to Stearns' growth strategy has been the launch of a robust broker portal for its extensive network of originators. At the portal, brokers log in, upload a 3.2 file or manually enter a 1003, pull or re-pull credit, and return an instant automated underwriting decision. The portal also allows for pipeline management, document uploads, lock requests, visibility of conditions sign off, and real-time communication with underwriters and processors. The depth and accuracy of the decisioning offered to brokers at the point-of-sale (POS) significantly elevates customer service and establishes broker-to-lender trust.
The flexibility of Loan-Score's solution allows Stearns to customize and private brand different portals, screens and flows for each of its business channels. Dubbed SNAP (Stearns Network Automated Portal) and FLASH (Fast Loan Automated Service Hub), each affiliate branch is empowered with tools to manage their own pricing, profit margins and lock desk controls.
"Stearns Lending has always strived to provide customer service that is second to none," said Stearns Chairman Glenn Stearns. "In part, we have been wildly successful because our customers know that when they do business with us they receive immediate attention, and this in turn helps them better service their borrowers. Our brand promise at Stearns is 'Yes, we can help you.' The implementation of Loan-Score's PPE and AUS assists us in delivering on that promise using leading broker-facing tools and instant, accurate decisioning. This has resulted in the development of a very positive brand image that has our brokers continually coming back to do business with us, which is key to our growth strategy."
Loan-Score's solution also integrates bi-directionally and seamlessly with Del Mar DataTrac®, Stearns' back office loan processing and fulfillment platform. Once a decision is rendered at the POS, the full 1003, pricing, loan details and conditions automatically populate into
DataTrac, which then becomes the system of record. Communication between back office staff and originators provides status updates throughout the underwriting process.
"Stearns turned to us due to the accuracy of our decisioning platform, our tight integration with DataTrac, and our ability to customize the solution to their unique workflow," said David Colwell, executive vice president at Loan-Score. "Previously, Stearns was using a PPE vendor as a standalone system. Most of these solutions are essentially one-size-fits-all applications that do not pull credit to decision and underwrite off of the complete set of underwriting guidelines for each investor. This didn't lend well to Stearns' growth mode, which is why they turned to Loan-Score."
Colwell added: "An additional benefit to Stearns is the use of our new AUS interface with FHA TOTAL Scorecard. The interface will save them significant time and thousands of dollars by not having to use other AUSs that charge exorbitant transaction fees to connect to Scorecard. In 2007, Stearns Lending, Inc. had 80 employees but now boasts over 800. Stearns is currently the 15th largest lender in the country in terms of volume, and the company continues to grow at a rapid rate."
About Loan-Score:
Founded in 2000 and headquartered in Irvine, California, Loan-Score Decisioning Systems offers clients a full suite of decisioning solutions to satisfy their individual needs from small, medium and large production and servicing organizations. The modular suite includes a product & pricing engine (PPE), automated underwriting system (AUS), portfolio analysis engine (PAE), channel focused point-of-sale (POS) Web portals, a system-to-system integration bridge and more.
Loan-Score maintains a comprehensive, up-to-date library of investor guidelines and pricing to ensure eligibility is met and market conditions are adjusted to deliver precision-based underwriting that results in fundable and saleable loans. Our solutions are engineered to deliver swift, cost-effective implementations that integrate with existing LOSs. Clients can choose between software-as-a-service (SaaS) and self-hosted technology models. For more information, visit www.loan-score.com or call 949-450-0102.
About Stearns Lending:
Founded in 1989, Stearns Lending, Inc. is a privately-owned mortgage company headquartered in Santa Ana, CA. Stearns provides a full range of real estate financing services that include wholesale mortgage lending, retail mortgage lending, credit union, escrow and settlement services. With a proven track record of success in residential and government loans, Stearns Lending has become one of the fastest growing full-service mortgage lenders in the United States. Stearns Lending is dedicated to superior professional real estate financing. For more information, please visit www.stearnswholesale.com.
CONTACTS:
Joe Bowerbank
Loan-Score Decisioning Systems
949.450.0102, ext. 204
Laurie Baker
Stearns Lending
714.513.7777.
NEWS SOURCE: Loan-Score Decisioning Systems
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2010 Neotrope® News Network - all rights reserved.
TAGS: Loan-Score Decisioning Systems, Banking and Finance, Send2Press.
Thu, 05 Aug 2010 08:57:11 GMT
Business and Decision Announces the Expansion of Their Strategic Relationship with QlikTech
WAYNE, Pa., July 29 (SEND2PRESS NEWSWIRE) -- Business & Decision (B&D), a leading international Consulting and Systems Integration company, today announced the expansion of its relationship with QlikTech, as part of an ongoing focus to provide high value Business Intelligence solutions to their respective customers.
Building upon a successful European collaboration, B&D and QlikTech have agreed to expand the partnership to cover North America. B&D's market focus is one of delivering solutions to complex business intelligence problems by harnessing its deep industry knowledge and by leveraging market leading technologies. QlikTech's flagship business intelligence offering QlikView provides groundbreaking capabilities that will allow B&D to continue delivering best in class solutions to its customers.
Steve Palmer, Business & Decision's SVP of BI for North America, comments, "B&D has an unmatched track record of delivering high value BI solutions to the market place. By leveraging industry-leading products such as QlikView, we are able to deliver those business solutions in a fast, efficient and intuitive manner. We believe it is essential to embrace the fundamental notion that the value of business intelligence is best achieved when business people can interact with information spontaneously. This belief is perfectly aligned with the innovative and business centric focus of QlikView."
About Business & Decision:
Business & Decision is an international Consulting and Systems Integration (CSI) company. It is a leader in Business Intelligence (BI) and Customer Relationship Management (CRM), and a major player in e-Business, Enterprise Information Management (EIM), Enterprise Solutions as well as Management Consulting. Business & Decision contributes to the success of customer projects by driving maximum business performance. The company has a reputation for functional and technological expertise and has forged partnerships with all of the key technology vendors. Located in 18 countries, Business & Decision currently employs 2500 people worldwide.
Additional information is available at www.businessdecision.us.
About QlikTech:
QlikTech's powerful, accessible business intelligence solution enables organizations to make better and faster decisions. Its QlikView product delivers enterprise-class analytics and search with the simplicity and ease of use of office productivity software. The in-memory associative search technology it pioneered makes calculations in real-time enabling business professionals to gain insight through intuitive data exploration.
Unlike traditional business intelligence products, QlikView can deliver value in days or weeks rather than months, years, or not at all. It can be deployed on premise, in the cloud, or on a laptop or mobile device-from a single user to large global enterprises. QlikTech is headquartered in Radnor, Pennsylvania, with offices around the world and a network of over 1,100 partners to serve more than 14,000 customers in over 100 countries worldwide.
For more information please visit www.qlikview.com.
NEWS SOURCE: Business and Decision, Inc.
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2010 Neotrope® News Network - all rights reserved.
TAGS: Business and Decision, Inc., Software, Send2Press.
Thu, 29 Jul 2010 14:21:28 GMT
Del Mar DataTrac Partners with CCMC on Loan Data Bridge for Mortgage Banker Regulatory and Investor Compliance Solution
SAN DIEGO, Calif., July 26 (SEND2PRESS NEWSWIRE) -- Del Mar DataTrac®, Inc. (DMD), the leading provider of affordable end-to-end mortgage lending automation solutions, and CCMC, Inc., the financial industry's premier technology interface provider, have released the DMDBridge, a connectivity tool that automatically moves loan data from a lender's third-party origination system to the DataTrac mortgage banking system of record.
The first DMDBridge was created for companies with loan officers working in Encompass 360 that rely on DataTrac as their centralized mortgage lending platform. DMDBridge captures all of the data in the industry standard DU 3.2 file set plus the addition of loan information needed to ensure compliance with RESPA and other emerging regulatory requirements.
DMDBridge pulls fee information required by RESPA for borrower disclosures and escrow information for the Truth-in-Lending (TIL) disclosure from Encompass and automatically populates fields in DataTrac. Without DMDBridge, processors are required to manually enter loan file information from the LOS into DataTrac, introducing inefficiency and the adjunct risks of re-keying data.
Retail mortgage banker Oxford Lending Group, with more than $420 million in 2009 loan volume, realized an immediate savings when it went live with DMDBridge in early July. The correspondent mortgage banker redeployed a full-time resource previously required for re-keying the data to a role where the "human element" is more critical - effectively saving the company over $40,000 per year.
"Paying processors to re-key data is a waste of time and resources, but new RESPA requirements made that an unavoidable necessity before the DMDBridge," said Oxford Lending Group vice president Matt Neumer. "DMDBridge enables us to be faster, more efficient, and more accurate while diverting our human resources to more value-added roles in processing and underwriting."
"DMD is all about making mortgage bankers more efficient, which includes adapting to new regulations and the increased need for loan data detail that flows from point-of-sale through to secondary marketing to meet end-to-end compliance requirements," said Rob Katz, president of DMD. "We went to CCMC to help develop a tool our users need because it is the best interface provider in our industry."
"CCMC is proud of its partnership with DMD and has created the DMDBridge interface to serve DataTrac users' ongoing needs with full support services and software updates," said CCMC vice president Dana Giesler. "We are pleased that DMD users are experiencing an immediate return on investment and relief from compliance headaches."
The DMDBridge has been architected to allow for additional third-party systems to seamlessly integrate to DataTrac, and CCMC is already working extensions to various serving systems.
About Del Mar DataTrac:
Founded in 1991, Del Mar DataTrac (DMD) is the leading provider of affordable loan automation solutions for mortgage lenders, banks, and credit unions. DMD offers a scalable end-to-end workflow platform that enables lending best practices by leveraging DataTrac as the back-office hub along with a sophisticated point-of-sale system, a Web-based originator portal and commission engine, and a management dashboard - all in a paperless environment.
The DataTrac Suite is designed by mortgage lenders for mortgage lenders who strive to deliver extraordinary customer service, increase production and profitability, reduce risk, and streamline overall efficiency. For more information, visit www.dmdinc.com.
About CCMC:
CCMC is the leading provider of technology interfaces to the financial industry. CCMC-BridgeWare™ products are designed to streamline lending workflow - improving productivity and reducing cost. Our primary product is ccmcBridge® which connects loan origination systems to host loan servicing systems. Our partners selected us to provide their interface solutions because of our high quality products, our outstanding service, and our extensive industry experience. For more information, visit www.ccmcinc.com.
NEWS SOURCE: Del Mar DataTrac
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2010 Neotrope® News Network - all rights reserved.
TAGS: Del Mar DataTrac, Banking and Finance, Send2Press.
Mon, 26 Jul 2010 16:53:03 GMT
New Customer LG Display Won in Korea by Innovation Framework Technologies, Planisware Partner
NEW YORK, N.Y., July 23 (SEND2PRESS NEWSWIRE) -- Innovation Framework Technologies, the premier supplier of innovation management solutions, announces a new joint customer with its partner, Planisware, the leading provider of world-class project and portfolio management (PPM) solutions for companies across myriad industries - including pharmaceutical, biotechnology, medical device, energy, aerospace and defense and automotive.
The Korean electronics company LG Display selected IFT's NPD solution, based on Planisware, for supporting its entire R&D management process.
This new customer is testament to the strength of the Innovation Framework Technologies (IFT) and Planisware relationship, launched over three years ago.
IFT, formed by the historic executive team of Artemis - a once arch-competitor of Planisware - and particularly present in the High-Tech industry, selected Planisware's technology to start their new company Innovation Framework Technologies (IFT) in 2006.
Patrick Ternier, CEO of IFT said: "We could have gone for any platform in the market, given our experience, background and reputation, but after a comprehensive analysis of the available software, we found that Planisware's technology was by far the best choice."
IFT provides a configured solution of Planisware based on its own vision of "innovation excellence" for hi-tech industries, combining software, practices and processes from best-in-class research such as the work of Innovation Gurus like Drs Cooper and Edgett with which IFT has historic ties.
IFT and Planisware's approach to the expanding "innovation" market are thus deeply complementary with capabilities and practices that can address a very large range of customers' requirements. Thanks to this approach, IFT has been able to successfully gain new customers in the US, Europe Korea and Japan, and also works collaboratively with Planisware to secure high-profile reference clients in these markets.
"I believe that in the market today, the complementary approaches Planisware and IFT have been developing since the partnership inception makes both our solutions in the forefront of PPM excellence and a must look for any company willing to bring its innovation processes to the next level," adds Pierre Demonsant, CEO of Planisware.
IFT and Planisware are planning to increase further their global presence in new countries as well as expand existing joint sales and marketing operations. The ongoing partnership is instrumental to IFT and Planisware future growth in these regions.
About Innovation Framework Technologies:
Innovation Framework Technologies helps companies dramatically improve their innovation performance by implementing management software that delivers best-practice business processes for the complete innovation and new product development value chain: idea management, strategic and technology roadmapping, portfolio management, resource capacity planning, innovation opportunity analysis, Stage-Gate™ governance and project management.
With headquarters in New York and Paris, and offices in Seoul and Tokyo, IFT operates throughout America, Europe, Asia and the Middle East.
For more information, please visit: www.innovation-framework.com.
About Planisware:
Planisware™ is the leading global provider of world-class project and portfolio management solutions. Planisware's acclaimed configurability accommodates the company's global customers across a variety of industries - including pharmaceutical, medical device, biotechnology, energy, aerospace and defense, automotive, and high-tech - and empowers users to align the solution with key business programs and portfolio management processes. With more than 150,000 users worldwide and a 99% customer retention rate, Planisware has been recognized as an industry leader by several esteemed analysts, as well as has achieved Stage-Gate Ready™ and SAP® integration certifications.
NEWS SOURCE: Innovation Framework Technologies
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2010 Neotrope® News Network - all rights reserved.
TAGS: Innovation Framework Technologies, Software, Send2Press.
Fri, 23 Jul 2010 01:31:10 GMT
ShipCom Appoints TCS as HF Radio Consultant
COVINGTON, La., July 21 (SEND2PRESS NEWSWIRE) -- ShipCom, a provider of High Frequency (HF) maritime single sideband voice and electronic mail services has appointed Tusa Consulting Services (TCS) as its authorized radio consultant supportive of emergency operations throughout the states of Florida, Georgia, Alabama, Mississippi, Louisiana and coastal Texas.
ShipCom has been solely authorized by the Federal Communications Commission to provide voice and data communications services to municipal, county, state and federal agencies, hospitals and other emergency responders during emergency events. ShipCom's HF frequencies are monitored around the clock by skilled operators, thereby providing utmost call security during the most critical 48 hours following an emergency event.
Operation of HF equipment on ShipCom's network has been simplified through the use of half-duplex channels and idle channel marker tones. If a user hears ShipCom's unique idle channel tone on any of a set of pre-assigned channels, the user can simply key their radio, call the ShipCom operator and the operator will respond in kind. Once communications is established, the ShipCom operator can then patch the call to anywhere in the United States using the public switched telephone network.
ShipCom also operates an electronic mail service via High Frequency radio that operates in a fully automatic mode. The annual cost for ShipCom's emergency communications service is affordable and there are no per-minute charges for on-air services. Long distance telephone charges can be billed direct or to any major credit card.
Tusa Consulting Services (TCS) will assist ShipCom and its emergency responder clients in the development of compact, efficient radio antenna systems, procurement of suitable user equipment devices and user training.
For further information on this infrastructure-independent backup emergency communications medium, please contact ShipCom's Rene Stiegler (rene@shipcom.com).
Public safety agencies located within the states of Florida, Georgia, Alabama, Mississippi, Louisiana or Texas, desiring information on HF radio communication systems should contact Tusa Consulting Services (TCS) at 985-249-6467 or nick.tusa@tusaconsulting.com.
More information:
www.tusaconsulting.com.
www.shipcom.com.
NEWS SOURCE: Tusa Consulting Services
This story was issued by Send2Press® Newswire on behalf of the news source and is Copyright © 2010 Neotrope® News Network - all rights reserved.
TAGS: Tusa Consulting Services, Boating, Marine and Maritime, Send2Press.
Wed, 21 Jul 2010 14:50:28 GMT
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