APPRO And Sherman & Associates Team Up Through Strategic Alliance.Business Editors & Hi-Tech/Banking Writers BATON ROUGE Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. , La.--(BUSINESS WIRE)--Oct. 30, 2000 APPRO customers can now provide actual loan quotations to borrowers APPRO Systems, Inc., the leading provider of automated credit risk management and financial technologies for the lending industry, announced that it has formed a strategic alliance with Sherman & Associates, Inc., a San Diego-based provider of lending, leasing and credit insurance software. Under this alliance, Sherman & Associates' calculation engine will provide complete sets of consumer loan calculations to APPRO's customers in the banking, credit union, mortgage and auto loan industries as a component of APPRO's LoanCenter 2000 product line and Loan Lending Center. Sherman's calculation engine is capable of handling complete sets of consumer loan calculations that incorporate the computation of credit insurance premiums, which vary according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. individual state regulations and lender critieria. "APPRO has established a strong reputation by providing its customers with effective tools for risk management, like loan applications and credit scoring Credit scoring A statistical technique that combines several financial characteristics to form a single score to represent a customer's creditworthiness. ," said John Sherman John Sherman can refer to:
"With the wide array of insurance providers and variances in state laws, providing loan quotations is an increasingly complex field that is best served by a specialist," said Craig Uffman, president and COO of APPRO Systems, Inc. "We did our research and quickly found that Sherman & Associates dominates the insurance calculation field, so it was an easy decision to partner with them to give our customers the tools that they need." APPRO's LoanCenter 2000 is an Internet-based risk assessment tool that evaluates credit data and facilitates credit decisions in all areas of consumer lending Consumer lending or consumer loans refers to any type of loan product that is not a mortgage; such as a car, boat, manufactured home, home equity loan, home equity line of credit, signature loan, signature line of credit, recreational vehicle, or Certificate of Deposit loans. for all prime and non-prime consumers on all financial products. Loan Lending Center is a 24x7 telephone-based lending solution that enables borrowers to submit application information and secure loan approval within 20 minutes. Additional contact: John Sherman, president, Sherman & Associates, Inc. (800) 776-6651 or johns@shermanloan.com. About Sherman & Associates, Inc. Sherman and Associates, Inc. is a leading provider of lending, leasing, and credit insurance software. The company offers rate books, handheld computers A computing device that can be easily held in one hand while the other hand is used to operate it. The Palm devices are a popular example. See Palm, smartphone and palmtop. , PC software, dynamic link libraries A set of program routines that can be called at runtime as needed. See DLL. dynamic link library - Dynamically Linked Library (DLLs), Internet solutions and consulting for markets in consumer, commercial, and mortgage lending, as well as in auto finance and leasing. The company's software designs, equations, and mathematical methods are employed by more than 100,000 end-users throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . For additional information about Sherman & Associates, Inc., write to: Sherman & Associates, Inc., 681 Encinitas Blvd. no.314, Encinitas, CA 92024, call (800) 776-6651, or visit the company's Web site at www.shermanloan.com. About APPRO Systems, Inc. APPRO Systems, Inc. is the lending industry's leading provider of comprehensive, automated credit risk management and financial technologies for the Internet and traditional lending environments. APPRO supports more than 200 clients, in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. with cutting-edge lending technologies like LoanCenter and training and education programs like IntelliTrust. The 22-year-old company is based in Baton Rouge, La. with additional offices in Dallas. For additional information about APPRO, write to: APPRO Systems, Inc., 7173 Florida Blvd., Suite 100, Baton Rouge, LA 70806, or visit the company's Web site at www.approsystems.com. |
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