Business Services Industry
ULTRAPRISE.COM and Harland Financial Solutions Form Alliance to Streamline Secondary Mortgage Marketing
Business Wire, Feb 13, 2001
Business Editors
FREDERICK, Md.--(BUSINESS WIRE)--Feb. 13, 2001
Secondary Market Loan Exchange Interfaces With SMarT Secondary
Marketing System for Increased Loan Trading Efficiency
Ultraprise Corporation and Harland Financial Solutions today announced an alliance that will streamline secondary mortgage marketing.
Through the alliance, lenders using the SMarT Secondary Marketing risk management and profit improvement system will be able to seamlessly export loans to ULTRAPRISE.COM, a secure, real-time secondary market loan exchange.
"We are committed to bringing together the best products and services to transform ULTRAPRISE.COM into the most effective and robust exchange of global financial assets through a combination of innovation, technology and service," said Kathryn Kelbaugh, Ultraprise Corporation's senior vice president of business development.
Harland Financial Solutions, a division of John H. Harland Company (NYSE:JH), is a leading provider of software solutions to more than 6,000 financial institutions. SMarT Secondary Marketing is a comprehensive risk management analysis, pipeline management and loan delivery system.
SMarT Secondary Marketing takes risk management and profit improvement to new levels, and enables lenders to efficiently and quickly employ secondary marketing strategies and techniques that maximize proceeds while simultaneously minimizing risk.
"The Internet continues to evolve as an effective way to deliver financial services, and the alliance between Harland and Ultraprise improves the way we can deliver mortgage services," said Bob Mazza, general manager of Harland Financial Solutions' Mortgage Services business.
Ultraprise Corporation's relationship with Harland Financial Solutions is the most recent strategic alliance ULTRAPRISE.COM has entered with leading mortgage software and service providers.
Additional ULTRAPRISE.COM alliances include relationships with expeITy, Dynatek, Inc., Mortgage Asset Research Institute, Inc., Associated Software Consultants, Inc., PCi Services, Inc., and Mortgage Industry Standards Maintenance Organization.
About Harland Financial Solutions
Based in Atlanta, Harland Financial Solutions serves more than 6,000 financial institutions of all types and sizes in the United States. Major customers include Bank of America, CitiMortgage Inc., and Firstar Corp. Among the nation's 20 largest institutions, 13 use mission-critical systems designed by Harland Financial Solutions.
More than half of all banks use Harland's products, as do nearly 1,000 credit unions. Harland Financial Solutions is a leader in database marketing software, loan origination systems, branch automation and core processing.
About Harland
Atlanta-based John H. Harland Company (www.harland.net) is listed on the New York Stock Exchange under the symbol "JH." Harland is a leading provider of software and printed products to the financial institution market. Harland's software solutions include, loan origination software, database marketing, host processing and mortgage services.
Harland's printed products offerings include checks, direct marketing and financial forms. Scantron Corporation (www.scantron.com), a wholly owned subsidiary, is a leading provider of software services and systems for the collection, management and interpretation of data to the financial, commercial and educational markets.
About Ultraprise Corporation
Headquartered in Frederick, Md., Ultraprise Corporation provides a global infrastructure for the trading of mortgages and financial assets. The company's Web site, ULTRAPRISE.COM, is a neutral trading exchange where buyers and sellers of financial assets transact business using a standard Web browser.
The XML-based services provide an industry-standard interchange format for machine-to-machine communications across the Internet.
This press release contains statements which may constitute "forward-looking statements." These statements include statements regarding the intent, belief or current expectations of John H. Harland Company and members of its respective management, as well as the assumptions on which such statements are based.
Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Reference is made to the Risk Factors and Cautionary Statements in Harland's Form 10-K and Form 10-Q filed under the Securities Exchange Act.
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