The mortgage origination, mortgage servicing and reverse mortgage industries
are highly fragmented and have spawned an abundance of partial
solution technology vendors. Several technology providers
have developed solutions for lenders, reverse mortgage companies and mortgage brokers,
which largely provide patches within existing IT environments.
In reality they simply perpetuate inefficient loan origination
processes. Retail e-brokers believe the answer to efficiency
lies in the creation of web sites aimed directly at the consumer.
This approach has neither increased volume nor reduced cost,
having failed to address workflow inefficiency.
Vendors offering packaged partial solutions also abound.
Some companies automate point-of-sale and processing, others
underwriting and fulfillment, while still others produce automated
back-end systems for the wholesale community. Relying on their
respective capabilities, they have created automated fixes
for their particular process niche, but few have actually
linked the consumer to the secondary markets with a customized
end-to-end system. As long as mortgage technology vendors
provide "patch and cobble solutions" to existing IT environments,
inefficiencies and partial solutions will continue to exist.
To date, not one mortgage technology provider has reengineered
the process to provide a truly efficient customized end-to-end
system such as Loan Excel. We have already provided a number of mortgage and reverse mortgage companies with very powerful solutions.
Loan Excel provides your company a truly unique yet customized
end-to-end system that features a completely reengineered
loan process and supporting IT environment. Importantly, Loan Excel
has built its system utilizing XML, an extensible, scalable
and language-independent technology.
The XML-bus architecture developed by Loan Excel is "The Technology"
recognized by John Filler and other industry players. In fact,
subsequent to John Filler's recent recognition of XML as the
new industry standard, other mortgage technology providers
are starting to validate Loan Excel's superior mortgage and reverse mortgage software technology
by seeking licensing opportunities.
Loan Excel is the only XML-based ASP providing automated and
reengineered end-to-end solutions for the industry today. |
