Secured Corporation Licenses the Portellus Lending Solution
Secured Funding Corporation Secures Brighter Future with Technology Acquisition - Growing Number of Mortgage Originators Migrate to Portellus Lending Solution
IRVINE, Calif., November 17, 2003 - Portellus, Inc., a leading innovator of high-end decision management software to the financial services industry, announced today that Secured Funding Corporation, has licensed the Portellus Lending Solution to help it achieve more consistency in its mortgage loan acquisition process, faster underwriting response and better control over state, federal, and investor compliance. In addition, the loan processing platform will facilitate enhanced business activity monitoring within Secured Funding's lending environment. Lorne Lahodny, president of Secured Funding, explained his company''s choice of selecting Portellus to address their business automation needs, "We chose Portellus for this strategic initiative because of their reputation for delivering compelling solutions to the mortgage industry that enhance a company''s business performance. We wanted a platform to create more efficiency and consistency in our underwriting process and allowed us to effectively manage the loan process through workflow automation - from beginning to end. Portellus was the clear solution for these needs," he explained. Released in the spring of 2003, Portellus' Lending Solution incorporates a Decision Support and Automation engine that provides lending institutions with unmatched power and flexibility to define and execute business rules and analytically driven strategies across the enterprise, including all product lines and channels. Business users can configure rules, decision trees, decision variables and scoring to create decision solutions tailored to specific business applications. Therefore, the Lending Solution enables lenders to create truly automated, consistent and accurate underwriting decisions while reducing IT costs related to the formalization and automation of the underwriting and workflow process inherent in a lender's operation. "What we are witnessing in the mortgage industry is a recognition that true decisioning and workflow technology is a vital strategic business capability for an increasingly competitive market," said John Le, president of Portellus. "The adoption rate of Portellus' advanced solutions among leading-edge lenders is an endorsement of the value that our technology brings to their bottom line," he added.About Secured Funding
Secured Funding Corporation is a nationwide consumer lender that has been serving the needs of the middle-market customer since 1993. The company serves customers in all 50 states with various loan products.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 Insurance Rating and Underwriting Engine seamlessly integrate with existing systems to enable clients to gain competitive advantages, reduce costs, mitigate risk, increase profitability and enter new markets. For more information, please visit www.portellus.com or call 949-250-9600. View More Press Releases
