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October 13, 2003 Alethes Mortgage Selects Originator Pro to Streamline Loan Application Process - Loan origination software integration creates workflow efficiencies - Bellevue, WA - Netupdate, Inc., a leading provider of point-of-sale technology for the mortgage industry, today announced that Alethes Mortgage Lenders, LLC chose Originator ProSM, an integrated point-of-sale system for retail and wholesale lenders, to streamline its application taking process. As a result, borrowers and real estate agents are kept apprised of loan status in real time. Based in Austin, Texas, Alethes is a mortgage lending company with 19 branches in Texas and Oklahoma. Using Originator Pro, borrowers begin the process by completing a consumer-friendly online application. Originator Pro performs a two-way data exchange with Calyx Point®, Alethes’ internal origination system. Both borrowers and real estate agents can verify loan status, appraisal updates, Good Faith Estimates and title information 24/7 via a secure Internet connection. “With Originator Pro, we easily communicate with all parties in every loan transaction. We are more efficient, and it takes less time and fewer resources to originate a loan,” said Danny Smith, CEO and president of Alethes. “In addition, we now offer features to our borrowers and business partners that our competition does not have: online applications, a secure messaging system, and real-time access to loans and loan status.” Diane Holmstrom, CEO of Netupdate said, “Originator Pro enables Alethes to collect borrower information, automatically provide status updates, and move loan file data with no data loss to its loan origination system, significantly reducing the time, cost and complexity of these financial transactions. Netupdate provides quality products and services designed to help the mortgage professional streamline day-to-day tasks, while better meeting their borrower’s needs. This technology helps to transform the average loan officer into a trusted financial advisor.” About NetupdateNetupdate, a developer of lending technologies, offers the Netupdate Mortgage Origination Software Suite, an integrated, Web-based point-of-sale system for retail and wholesale lenders. The Suite connects people with systems and information to streamline the residential lending process. Netupdate software solutions allow mortgage professionals to work together online, collecting borrower information, providing regular communication and status updates, and moving loan file data to leading loan origination systems, thereby significantly reducing the time, cost and complexity of these financial transactions. 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.
Contact: © 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. |