ATM Corp. Sets Another Industry Benchmark With Its Streamlined Settlement Package (SSP).

Industry expertise and Vision software solutions combine to enable lenders to close their loans in just six days after application

PITTSBURGH -- ATM Corporation of America, a leading provider of settlement solutions to large, national mortgage lenders, announced that its revolutionary Streamlined Settlement Package (SSP) has established an industry benchmark by enabling the mortgage loan settlement process to occur within six days from application, four days faster than its nearest competitor.

ATM's SSP increases efficiency for all participants in the mortgage process, including the borrower, loan officer/processor and suppliers, through complete automation of every step in the collateral valuation, title and settlement process. SSP allows lenders greater control and improved quality in the entire settlement process. The ATM package helps shrink loan-run off, decrease cycle time, escalate loan production, scale down processing costs, and deliver "best-in-class" quality and customer service.

"We take pride in offering best-in-class mortgage settlement solutions and believe that SSP will revolutionize the industry with its time and cost savings features," says Chris Azur, Chief Operating Officer of ATM Corp. "ATM customers who have implemented SSP are experiencing immediate and substantial benefits."

ATM's technology provides a centralized Web-based document management system and facilitates the e-mortgage process. It also allows lenders to guarantee all settlement costs including recording fees and mortgage tax to the borrower at the point of sale. SSP includes VisionCTI, which enables the loan officer and borrower to pre-schedule the appraisal and closing date, time and location at the point of sale, resulting in a better borrower experience.

According to Azur, "With ATM's SSP, lenders can realize greater revenue through increased business and offer an enhanced borrower experience, which can be the lender's difference between a profit or a loss during current market conditions."

About ATM Corporation

ATM Corporation, holding company for Vision Global Solutions, LLC, provides settlement services to large, national mortgage lenders and is the country's leading provider of consulting and technology services to lenders looking to build their own settlement services subsidiaries. ATM employs more than 600 full-time employees at its national operations center in Moon Township, PA, a Pittsburgh suburb, and contracts with more than 20,000 attorneys, appraisers, abstractors and settlement service providers throughout the United States. Companies that license ATM's Vision technologies or have chosen ATM to build national settlement service subsidiaries include Countrywide, Citigroup, GMAC Mortgage, Key Bank, E* Trade Mortgage, Navy Federal Credit Union, Accredited Home Lenders and Equifax.