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October 6, 2003 Netupdate, Inc. and School of Mortgage Lending Form Partnership --Loan officers have a greater array of professional tools through new educational curriculum -- Bellevue, WA - Netupdate, Inc., a leading provider of point-of-sale technology for the mortgage industry, announced a partnership with the School of Mortgage Lending, the premier provider of Distance Learning training for the mortgage industry. This partnership combines Netupdate’s technology with training materials from the School of Mortgage Lending to give loan officers comparisons of loan products as part of the school’s curriculum. Loan officers today require a much greater array of professional tools to respond to the sophisticated borrower who wants financial advice and expertise. This new mortgage lending specialist must have an immediate knowledge base of loan products and a tracking system designed for maximum flexibility and accuracy to be proficient in his or her profession. According to Susan Williams, president and CEO of the School of Mortgage Lending, individual states are mandating annual continuing education for loan officer certification. “After 20-plus years of developing training materials for loan officers, it is rewarding to see education elevated to the level it deserves for the sake of the borrowers,” she said. “By including technology in the curriculum, our materials more quickly elevate the proficiency of the modern-day loan officer.” The combined product provides an information management resource for loan officers who have become much more than a loan consultant. The new loan officer has evolved into a financial advisor, developing and nurturing long-term customer relationships. This advisor must have superior levels of proficiency and service; thereby, earning the customer’s business. “Netupdate’s mission is to provide efficient point-of-sale technologies focused on the loan officer,” said Diane Holmstrom, CEO of Netupdate. “Partnering with the School of Mortgage Lending to provide combined training and technology, enables the mortgage consultant to become the professional that today’s competitive marketplace requires. We are honored that they selected Netupdate to share in the curriculum development, and look forward to helping future loan officers be more successful in their daily operations.” About NetupdateNetupdate, Inc. is a software services company providing solutions that enable people to work together online, significantly reducing the time, cost and complexity of mortgage industry transactions. Netupdate’s tools extend mission-critical business applications onto the Internet, moving lenders from expensive, slow, paper-based transactions to efficient, integrated transactions. By allowing each person involved in the lending transaction to interactively share information and documents, and to communicate in a managed fashion, Netupdate solutions reduce transaction time, streamline back-office processes and provide improved borrower satisfaction. Headquartered in Bellevue, Wash., Netupdate is funded by Alexander Hutton Venture Partners, Greenstone Venture Partners, Irwin Ventures and Timberline Venture Partners. For more information on Netupdate visit the company’s Web site at www.netupdate.com About the School of Mortgage Lending The School of Mortgage Lending Distance Learning system combines the best of computer-based training and correspondence training, resulting in a superior educational experience, referred to as an “accelerated learning experience.” This system is particularly effective with technical content because it uses several learning styles, well surpassing classroom-style learning experience in retention. Headquartered in Bellevue, Wash., the School of Mortgage Lending is a privately held company. For more information visit its Web site at www.schoolofmortgagelending.com
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Charlyne McWilliams © 2003 Netupdate, Inc. All rights reserved. Netupdate, Originator Pro, Loanupdate and Netupdate.com are trademarks of Netupdate, Inc. All other marks are owned by their respective entities. |