Business Services Industry
Sollen Technologies Partners with Harland Financial Solutions
Business Wire, May 5, 2008
Interlinq([R]) E3([R]) ensures quality of loan originations
BOSTON -- Sollen Technologies, an Internet-based application services provider of product, pricing and best execution capabilities for the mortgage industry, has entered into an alliance relationship with Harland Financial Solutions. Sollen's pricing engine will integrate with Harland Financial Solutions' Web-based Interlinq([R])E3[R]loan production platform, providing users with an added tool to ensure the quality of loan originations. The alliance allows loan originators using Interlinq E3 to find a product and price that meets the needs of their borrower within seconds. Harland Financial Solutions is a leading software and service provider to more than 7,000 financial institutions.
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"The integration of Sollen's Pricing Engine and Interlinq E3 will help the mortgage industry improve productivity while mitigating risk," said A.O. Clemons, President of Compliance and Risk Management Solutions at Harland Financial Solutions. "Mortgage providers may now more fully automate and integrate service providers into their business processes, providing critical business process management, integration and connectivity across the mortgage supply chain."
Through the use of XML and Web Services, Sollen's Pricing Engine and Harland Financial Solutions' InterlinqE3can easily exchange data over the Internet in real time. Sollen's services for determining eligible loan products and their corresponding fully adjusted pricing are integrated into the Interlinq E3 workflow. This enables loan originators to spend time learning about the needs of the borrower rather than sifting through hundreds of pages of loan product guidelines and matrices. Subsequently, as more information is discovered about the borrower, the eligibility and pricing can be verified to ensure that the loan product or pricing is still a proper fit.
"As a result of the proven success from the customized integration for a mutual customer, Sollen and Harland Financial Solutions agreed to take this cooperation to the next level and to make integration available for all customers," said Michel Van Hee, CEO of Sollen Technologies. "This is a wonderful opportunity for us to work with Harland Financial Solutions and offer a product that will improve connectivity across the mortgage supply chain throughout the entire lifecycle of the loan. Our goal in the near future, is to include the integration of our services focused on a lender's secondary or lock desk personnel to help relieve margin pressures that are mounting in this volatile market."
About Sollen Technologies
Based in Dallas, Sollen Technologies is an Internet-based application services provider of product, pricing and best execution capabilities for the mortgage industry. Sollen Technologies' vision is to provide comprehensive products and services that bring measurable value to the retail, wholesale, and correspondent channels. The company's innovative technology helps to enhance the relationship between originators and lenders enabling both to effectively compete in today's marketplace. For additional information about Sollen Technologies, visit the company's Web site at www.sollen.com.
About Harland Financial Solutions
Harland Financial Solutions, Inc. (www.harlandfinancialsolutions.com) is a wholly-owned subsidiary of Harland Clarke Holdings Corp. and M & F Worldwide Corp (NYSE: MFW). The company supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. It is a leader in core systems, item processing, enterprise content management, branch automation, customer relationship management, business intelligence, origination and document solutions, risk management, compliance training, financial accounting, open documents, mortgage solutions, electronic funds transfer (EFT), and electronic banking.
The information contained in this press release is accurate at the time of publication. However, service offerings and availability, relationships, contacts and other specified information may change over time.
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