Portellus Named a Top 100 Technology Vendor by Mortgage Technology Magazine
IRVINE, Calif., June 28, 2005 - Portellus, a leading provider of Web-based technology tools and services designed for the financial services industry, today announced that it has earned a spot on Mortgage Technology Magazine's 2005 Top 100 Mortgage Technology Vendors list.
According to officials at Mortgage Technology, a company that is granted the right to be listed on the Top 100 Vendors list must demonstrate that it has met four major criteria: 1) customer satisfaction 2) functionality 3) market share 4) viable revenue model. The publication states that it is crucial that the vendors on the magazine''s list have satisfied clients and exhibit the ability to retain them by keeping those customers apace of the technology deployed by competing lenders. The demonstration of functional value to lenders is said to be the list''s most important selection criterion.
"Recognizing that change is the only constant, Portellus' mortgage origination and fulfillment solutions are specifically designed to flex and scale with the process and policy changes that lenders must inevitably implement," said John Le, CEO of Portellus Inc. "Typically, lenders are either forced to turn to their technology provider or a programmer to implement business rule or policy changes. However, Portellus' next-generation Business Rules Management System (BRMS) serves as the nucleus of our mortgage solutions framework, which enables non-technical business users to deploy rule changes across multiple companywide applications. This ease of change management our platform provides accommodates the unique ways that lenders originate and fulfill their loans."
Le adds, "The continued success of our organization is, and always will be, the high level of importance Portellus places on taking excellent care of our two most valued assets - our customers and our employees. Cutting-edge technology coupled with both a customer-centric and employee-centric approach to business enables our organization to enjoy accolades like that of being named to the prestigious Mortgage Technology Top 100 list."
About Portellus
Headquartered in Irvine, Calif., Portellus Inc. is a leader in the application of Service Oriented Architecture (SOA) for the mortgage banking and insurance industries. The company''s Decision Management Solution, Business Rules Management System, Mortgage Solutions Framework, and Rating and Underwriting Engine seamlessly integrate with existing systems to enable clients to gain competitive advantages, reduce costs, increase profitability, mitigate risk and quickly launch new products/pricing to penetrate new markets. For more information, visit
www.portellus.com or call 949-250-9600.
- CONTACT:
- Joe Bowerbank
- Portellus, Inc.
- 949.250.9600, ext. 250
- jbowerbank@portellus.com
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