DETROIT – March 17, 2001 – Mortgage Builder Software, Inc. (MBSI) announced the
availability of its branch access solutions.
The branch access solution allows the lender to offer correspondents,
brokers, credit unions and loan officers the use of MBSI’s high-powered loan
origination software (LOS) system with virtually no up-front installation,
hardware or licensing charges.
“Lending institutions depend on understanding and catering
to the needs of their affiliates,” said Keven Smith, president of Mortgage
Builder Software, Inc. “MBSI offers
lending institutions the tools necessary to compete successfully with large conglomerates. Software opportunities are more readily
available for regional and community mortgage institutions than before, but the
associated costs can be overwhelming for associated smaller institutions. By
making MBSI software accessible to third party business clients, the bond
between the two is strengthened, ensuring economic growth for all involved.”
Affiliate branches are able to operate in a separate
environment without having access to the main company’s loan data. Information
is transferred seamlessly and securely between the branch and the main
institution.
“Ross Mortgage has implemented this solution for our net
branches and communication has improved dramatically,” said Patsy Street, vice
president of Ross Mortgage of Oak Park, Mich.
“With the push of a button, a host of information is provided including
Fannie Mae Desktop Underwriter® and credit reports, saving valuable time.”
This functionality is beneficial to lenders that want to
provide reliable cutting edge software at minimal cost to companies that wish
to process their own loans. Those using
the branch account solution will have access to Fannie Mae Desktop Underwriter,
Freddie Mac Loan Prospector®, Credit Bureaus, Document Emailing and other
integrated tools and interfaces.
Jeff Lebowitz, president of SSP Associates of Chevy Chase, Md., said, "2001 is the year of the loan officer. According to MORTECH 2000, lenders are focusing their technology investments on making their sales teams more effective. The Internet and trading partners all are taking a back seat to increasing sales at the point-of-sale."
Ross Mortgage
Corporation is a full-service mortgage banker with fourteen Detroit-area
offices, serving the Michigan marketplace since 1949. For more information about Ross Mortgage, write Ross Headquarters
at 25900 Greenfield, Suite 401, Oak Park, MI. 48237. Visit Ross online at www.rossmortgage.com.
Jeff
Lebowitz, president of SSP Associates of Chevy Chase, Maryland, is a consultant
in market planning and business development for the financial services
industry. He has served as planning and development officer in Citicorp, Chase
Manhattan Bank and Fannie Mae. He has been publishing the MORTECH survey since
1988.
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. Mortgage Builder is a Windows®-based
software package that is designed to be a complete mortgage lending
solution. The system allows for
processing, closing and underwriting of all loan types for both wholesale and
retail production. Post-closing functionality
is also available for final document tracking, warehousing, HMDA and 1098
reporting.
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.