Mortgage Builder Software Delivers
Application Service Provider (ASP) Services to Mortgage Market
-- Mortgage lenders have
secure, cost-effective solution utilizing an ASP --
SAN FRANCISCO – Oct. 20, 2000 – For more than 20 years, Mortgage Builder Software, Inc.
(MBSI), a Southfield, Mich.-based mortgage software company has offered ASP
services to its servicing clients. MBSI
has introduced to its origination clients, its Windows® ASP-based solution
through its loan origination system Mortgage Builder™. This allows MBSI to offer lenders its
complete line of origination products via the
Internet without the need for in-house hardware. Warren, Mich.-based Mortgage Loan Advantage Inc. (MLA), a
traditional mortgage lender specializing in loan origination and servicing, has
recently implemented Mortgage Builder’s ASP solution.
As an ASP,
MBSI manages and delivers application capabilities to multiple entities from
data centers across a wide area network (WAN). This gives customers a viable
alternative for procuring and implementing complex systems themselves. Customers can connect to the system through
Mortgage Builder via the Internet or direct connection. MBSI maintains the hardware, operating
system, database and file backup system.
Lenders would not need to purchase a server, operating system, database
or LOS software. With an Internet
connection, implementation time is a matter of days, allowing companies a fast,
secure, cost-effective solution.
“Using MBSI’s ASP system allows MLA increased
access to applications that were previously not affordable, while having a
service department that matches our customers’ needs,” said Lance Avery,
consultant for MLA. “We could not spare
the time and expense to search for IT personnel right now, so we began
researching an alternative.”
According
to MLA officials, the total cost of ownership is less expensive using an ASP
compared to running everything in-house. Ultimately, this allows the company to
process loans more cost effectively.
“We
decided to offer an ASP solution because it allows lenders to focus on their
mainstay business,” said Keven Smith, president of Mortgage Builder Software. “We are confident that ASP-based solutions
are the right choice for lenders looking to enable key portions of their
business to operate as smoothly and efficiently as possible.”
In
a study by Zona Research, Inc., of Redwood City, Calif. for the ASP Industry
Consortium, most American businesses using an ASP are drawn to the model because of the cost savings and the
freedom it gives them to focus on core business issues. The study also indicates that the most
important factors in influencing the ASP purchase decision were a reduction in
the total cost of application ownership; the ability to focus on achieving
strategic business objectives; and the freeing of IT resources to focus on
internal mission critical applications.
Though
the ASP market is relatively new, computer industry analysts foresee rapid
growth and multi-billion-dollar annual sales within the next few years. End
users cross industry lines and include anyone from the small office/home office
(SOHO) client to large corporations and from complex businesses to specific
verticals.
About Mortgage Builder
Mortgage Builder was created with a new generation of computer
application software tools called System Builder™ by Informix Software. Most
mortgage origination systems applications use relational databases; however,
Mortgage Builder’s post-relational three-dimensional database adds a new level
of power to computer applications by enabling it to have one complete
integrated system, and provide comprehensive reporting. Mortgage Builder provides users a database
that allows up to 1,000 users to operate on a variety of computer platforms
including Windows NT®, UNIX and Linux.
This sets Mortgage Builder apart from competitive systems, which often
require additional modules for this functionality.
About Mortgage Builder Software,
Inc.
MBSI was formed by and is privately funded through Glenn Computer to work with mortgage bankers, brokers, financial institutions and credit unions to provide origination, processing and closing tools needed to improve operations and data management needs. The company’s mission is to provide the best mortgage software to its customers fueled by its excellent reputation and exceptional customer service support team.
For more information about MBSI, write Mortgage
Builder Software, Inc., 24370 Northwestern Highway, Suite 310, Southfield, MI.
48075. Visit MBSI online at
www.mortgagebuilder.com.
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