Portellus Emerges as Finalist for 'Release of the Year' Award
Launch of Customer Readiness Lab Model Earns Nomination
IRVINE, Calif., October 17, 2006 Portellus Inc., a leading provider of technology solutions for the financial services industry, announced that it is a finalist for Mortgage Technology magazine's Release of the Year award. The launch of Portellus' Customer Readiness Lab (CRL) placed it among three finalists for the award.
According to the magazine, the Release of the Year award goes to the announcement of a technology product, platform, alliance or initiative that seems likely to have the broadest impact on mortgage lending going forward. Each year SourceMedia's Mortgage Technology magazine recognizes individuals and/or companies with several awards that are setting the pace and are leaders in their fields. The awards are presented at a ceremony hosted by SourceMedia during the MBA Annual Conference, which is being held at the Hyatt Regency in Chicago this year.
Portellus' CRL was designed to offer prospects a structured, step-by-step user defined experience that mitigates the risk involved with purchasing enterprise-level applications and ensures buyer ROI. The CRL removes the all too common problem of client-vendor miscommunications and unexpected integration bottlenecks by allowing for configuration and production mock-ups. Therefore, potentially disappointing results, or no results at all, are eliminated.
"The industry as a whole has a rampant problem with vendors who routinely over-promise and under-deliver," said Joe Bowerbank, director of marketing at Portellus. "Our CRL model is the answer to ensuring that technology expectations can and will be met before prospects ever sign with vendors. We've essentially set a new standard for the industry to utilize when performing due diligence on complex solutions, and we've already seen several vendors replicate the CRL paradigm. This is the precise reason that we're a finalist for SourceMedia's Release of the Year award."
The winner will be announced on Sunday, October 22, the opening night of the 93rd Mortgage Bankers Association Exposition and Conference in Chicago.
About Portellus
Headquartered in Irvine, Calif., Portellus Inc. is a 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 respond to changing marketplace conditions. For more information, visit www.portellus.com or call 949-250-9600. For more information, visit www.portellus.com or call 949-250-9600.
- CONTACT:
- Joe Bowerbank
- Portellus, Inc.
- 949.250.9600, ext. 2250
- jbowerbank@portellus.com
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