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ASC Officially Introduces Latest Version of PowerSeller.


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 HEIGHTS, Ohio--(BUSINESS WIRE)--Aug. 15, 2002

Enhanced system streamlines secondary

marketing and risk management workflows

Associated Software Consultants, Inc. (ASC ASC Ambulatory surgery center, see there ), a provider of loan automation software to the mortgage industry, announced the official availability of PowerSeller 5.0, the latest version of the company's comprehensive secondary marketing, risk management and mortgage data management system.

More than 40 mortgage lenders currently utilize PowerSeller and all will eventually be upgraded to version 5.0.

First introduced in 1996, PowerSeller is the top-selling secondary marketing and risk management system in the mortgage industry. The system provides users with necessary tools for successful pricing, pipeline data management, builder and master commitment processing, pooling, trade processing, pipeline risk management, shipping, document tracking, ad hoc For this purpose. Meaning "to this" in Latin, it refers to dealing with special situations as they occur rather than functions that are repeated on a regular basis. See ad hoc query and ad hoc mode.  reporting, and SFAS SFAS Statement of Financial Accounting Standards
SFAS Special Forces Assessment and Selection
SFAS Student Financial Aid Services
SFAS Sport Fishing Association of Singapore
SFAS Safety Features Actuation System
SFAS Statewide Fixed Assets System
 133/138 reporting, which demonstrates hedging effectiveness in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[]

As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh.
 with generally accepted accounting standards.

Some of the new enhancements to the system include: improved pooling and settlement-related workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. , expanded best execution decision capabilities, coordination and evaluation of alternative whole loan pool bids and user-preferred hedging strategy evaluations.

PowerSeller 5.0 is comprised of several modules including: Secondary Manager, Risk Manager, Post Closing Manager, Data Manager and AppRunner, a custom application development system.

"This latest version of PowerSeller represents the evolution of an already established, highly functional system," said Tim Liston Noun 1. Liston - United States prizefighter who lost his world heavyweight championship to Cassius Clay in 1964 (1932-1970)
Charles Liston, Sonny Liston
, president of Associated Software Consultants, Inc. "Since its inception, PowerSeller has been thoughtfully designed to meet the unique needs of secondary marketing professionals to help them more effectively manage their loan sales. The enhancements included in this version of PowerSeller were based on feedback from our users and the application of their input on our technology."

About ASC

Associated Software Consultants, Inc. (ASC) designs and markets loan automation 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 processing costs. The company's lending solutions enhance secondary marketing 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.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:ASC Officially Introduces Latest Version of PowerSeller.
Publication:Business Wire
Geographic Code:1USA
Date:Aug 15, 2002
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