1 Source Data and Portellus Announce Strategic Marketing Alliance
PHOENIX, National Technology Conference, March 14, 2004 - Portellus, Inc., a leading innovator of high-end decision management and business process software to the financial services industry, and 1 Source Data, Inc., one of the Nation's largest independent credit reporting agencies, today announce a joint marketing agreement focused on the development and delivery of integrated web-based products to improve productivity for mortgage lenders and loan originators. 1 Source Data and Portellus recently completed an integration project, combining Portellus' origination, workflow and automated underwriting solutions with one of 1 Source Data's credit, service and settlement transaction platforms. With this integration, the client has full program approval with pricing and conditions, one click access to third party services and enhanced workflow automation, all at the point of sale. As stated by the client, "We have already seen significant efficiencies from our production staff, as well as increased customer satisfaction". "1 Source Data is an ideal credit partner. Their long-term expertise in mortgage credit services and web-based automation allows them to develop unique credit reporting products and comprehensive service packages," said John N. Le, president of Portellus. "We are pleased to be their rules management vendor of choice. In turn, we are excited about this relationship as it provides our current and prospective lending clients the ability to leverage Portellus technology and services with services provided by one of the industry's most respected credit providers." "Portellus' business rule management technology adds tremendous value to our products," says John Merrill, President of 1 Source Data. "It enables our customers - the mortgage lender - to lock-in loans in minutes, instead of days. Also, they can be more proactive to the market since they can instantly see the impact of modifications to their loan programs. This is an important step towards a comprehensive mortgage credit evaluation system, combining applicant data, credit transactions, automated scoring and process management. We look forward to cultivating new capabilities as a result of this integration."About Portellus
Portellus, Inc. is a privately held company based in Irvine, California providing web-based loan origination solutions to the mortgage industry. Portellus has successfully deployed the industry's only true thin-client mortgage loan origination and management system. The system is comprised of an integrated platform that utilizes a rules-based engine to enable automated product eligibility, risk-based pricing, underwriting, compliance and processing for all mortgage origination channels (retail, wholesale, and correspondent). For more information about Portellus, visit www.portellus.com.About 1 Source Data
1 Source Data, Inc. is a privately held company headquartered in Carlsbad, California. They are one of the Nation's largest independent credit resellers, and an innovative provider of comprehensive service solutions to the mortgage industry. 1 Source Data helps loan professionals evaluate credit worthiness and fight credit fraud; select closing agents; determine property values; acquire income information and flood insurance; and provide quick, low-cost alternatives to title products. The company supplies a choice of Internet-based gateways, and provides custom, private-label credit and settlement transaction platforms, complete with vendor management services. 1 Source Data markets its services through its website, www.1SourceData.com and nationally through offices in major metropolitan areas. View More Press Releases
