ASC Announces Release of PowerLender 2.3 at 92nd MBA Annual Convention and Expo.ORLANDO, Fla. -- Associated Software Consultants, Inc. (ASC ASC Ambulatory surgery center, see there ), a provider of loan automation software to the mortgage industry, announced today at the 92nd MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration Annual Convention and Expo the release of PowerLender 2.3 loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and processing software system (LOS LOS Length of stay, see there ). PowerLender, a Java(TM)-based LOS, was designed to process loans cost-effectively and adapt to emerging technologies. Version 2.3 includes features requested by users of previous versions of PowerLender as well as enhancements conceived by ASC. Among these new features are improved point-of-sale capabilities, such as enhanced loan pricing and eligibility functionality; new e-mail options, so lenders can more effectively communicate with borrowers and third-party service providers; enhanced free-form note-taking capabilities; the ability to add electronic attachments to loan records; a "linked loan" feature to simplify the processing of loans with many co-borrowers; and enhanced disconnected processing, enabling an application to be processed without any connection whatsoever to a host LOS. ASC has also added a security capability within version 2.3 that allows non-public data within a loan database to be obscured before it is transmitted to another party. In addition, the upgrade has new interfaces with third-party service providers including Fannie Mae Fannie Mae: see Federal National Mortgage Association. XIS, Fair Issac LiquidCredit and Countrywide coun·try·wide adv. & adj. Throughout a whole country; nationwide: launched a fundraising campaign countrywide; a countrywide search. Adj. 1. Platinum Direct. "PowerLender 2.3 expands the options for mortgage lenders interested in a comprehensive LOS system that automates mortgage origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real and processing," said Tim Liston, president of ASC. "This update to our PowerLender LOS offers a long-term cost savings because it is better able to adapt to emerging technologies and new business strategies, and has the features most needed by mortgage lenders to boost competitiveness." About ASC Associated Software Consultants, Inc. (ASC) designs and markets loan automation and secondary marketing software for use by mortgage banks, commercial banks, community banks and credit unions. ASC's business strategy focuses on providing software and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services that enable lenders to improve the volume and quality of their business, streamline workflow and reduce costs. The company's lending solutions enhance primary and secondary mortgage operations, improve overall profitability and better serve borrowers, investors, real estate brokers, third-party service providers and other constituents. For additional information about ASC, visit the company's Web site at www.asconline.com. |
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