LSSI and Portellus Form Strategic Alliance
Service Providers Integrate Systems to Function Together Seamlessly
POWAY and IRVINE, Calif., January 25, 2007 - Lender Support Systems Inc. (LSSI), a global provider of lending and loan servicing technology solutions, and Portellus Inc., a leading provider of rules-based technology solutions, have announced a strategic alliance and successful systems interface.
The alliance joins Portellus' origination platform, with LSSI's mortgage closing, servicing and imaging technologies, fully automating the ordering of loan closing documents. The seamless interface compiles loan data from Portellus and directly links with LSSI, enabling users to increase efficiencies in loan processing through the use of a single system. When users of Portellus' origination platform request loan closing documents through the automated interface, the information is transferred to LSSI and the document packages are completed and returned to the user.
"Our goal is to deliver advanced technology solutions to our customers, enabling them to maximize their profits through increased efficiencies," said John Le, chairman and CEO of Portellus. "By partnering with LSSI, a company that shares our vision, we are able to meet that goal by helping our customers increase the quality and reduce turn around time when ordering loan closing documents."
"Portellus' loan origination platform flows into our point-and-click mortgage closing documents and disclosure technology," said Cary Burch, president and CEO of LSSI. "Partnering with the best companies in the industry, we can provide lenders with the technology they need to simplify their processes and allow them to enhance their focus on increasing loan volume and cultivating customer relationships."
About LSSI
Founded in 1982, Lender Support Systems Inc. (LSSI), led by mortgage industry veterans, provides a superior suite of eMortgage enabled technology solutions to mortgage lenders (including but not limited to bankers, credit unions, community banks) and service providers as a platform for building more streamlined, cost effective and profitable loan origination services. The company offers a full suite of eMortgage enabled technology solutions including: compliance services, mortgage closing document preparation software, servicing software, document imaging, data extraction, business process outsourcing solutions and custom software solutions. For more information, visit www.lendersupport.com.
About Portellus
Headquartered in Irvine, Calif., Portellus Inc. is a leading provider of next-generation technology solutions for the financial services and insurance industries. The company's Decision Management, Enterprise Rules Management (ERM), Loan Origination and Portal solutions utilize a service-oriented approach to deliver loosely coupled applications and flexible solutions, enabling clients to gain competitive advantages, reduce costs, mitigate risk, increase profitability, comply with regulatory requirements and swiftly enter new markets. For more information, visit www.portellus.com.
- CONTACTS:
- Joe Bowerbank
- Portellus, Inc.
- 949.250.9600, ext. 2250
- jbowerbank@portellus.com
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- Media Contact for LSSI
- CreveCor Mortgage
- 678.781.7218
- blair@williammills.com
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