America's Community Bankers Endorses OnePipeline Technology as New Way To Use Automated Mortgage Origination System through Third Party Professionals.Business Editors/High-Tech Writers SEATTLE--(BUSINESS WIRE)--Oct. 30, 2000 The ACB ACB American Council of the Blind ACB Asia Commercial Bank ACB America's Community Bankers ACB Adjusted Cost Base ACB Alliance for the Chesapeake Bay ACB Amphibious Construction Battalion (US Navy) ACB Australian Cricket Board Partners program of America's Community Bankers, a national trade association representing community banks of all charter types and sizes, announced today during its annual convention that it has formed a new business alliance with OnePipeline Inc., the national leader in automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. 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. compliance technology for the real estate and mortgage banking industry. Through this exclusive arrangement, ACB members will gain advantaged access to OnePipeline's landmark Automated Compliance System(TM) as a revolutionary new means to promote third-party loan origination through real estate brokers, agents, homebuilders and financial planners Financial Planner A qualified investment professional who assists individuals and corporations meet their long-term financial objectives by analyzing the client's status and setting a program to achieve these goals. . ACB member community bankers will now be positioned to make OnePipeline technology available to their network of local business partners, empowering them with the ability to offer home loans directly to their clients and, for the first time, be compensated for this service. ACB Partners and OnePipeline will also engage in joint marketing efforts aimed at making community bankers aware of this quickly emerging opportunity. ACB Partners chief executive officer Mike Potter Mike Potter is a NASCAR veteran. He was born on July 4, 1949 and currently resides in Johnson City, Tennessee. Over the course of his Nextel Cup career, Potter raced 60 races. Every season he raced was part-time. said that OnePipeline technology can significantly enhance community bankers' relationships with their local business partners by creating a financial incentive to offer a value-added service A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. that homebuyers want. "The reality is that consumers typically work with a real estate agent, home builder or other financial professional before they seek financing," said Potter. By providing these professionals with loan origination capability, community bankers can increase originations, improve market share and develop even stronger long-term business relationships with their network of referral sources in their community." OnePipeline Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. David F. Broadbent said, "We are pleased to be endorsed by ACB Partners as a new business model for community bankers to develop valuable relationships with their local business partners. "There is little question that consumers will increasingly demand a one-stop home buying experience, and OnePipeline technology allows community bankers to capitalize quickly on this trend." About ACB Based in Washington, America's Community Bankers represents the nation's community banks of all charter types and sizes. ACB members pursue progressive, entrepreneurial and service-oriented strategies in providing financial services 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. to benefit their customers and communities. Guided by a member-driven process, ACB's resource subsidiary, ACB Partners Inc., arranges for advantaged access by member institutions to business solutions in important areas of opportunity for community bankers. For more information, visit www.AmericasCommunityBankers.com. About OnePipeline Since the company launched in February, OnePipeline has quickly become the recognized industry standard for third-party loan origination compliance. Based in Salt Lake City, OnePipeline is revolutionizing the mortgage process for community bankers by allowing automated, Web-based loan origination directly through banks by real estate, homebuilders and other financial professionals by providing full compliance with all local, state and federal laws, including RESPA RESPA Real Estate Settlement Procedure Act , as well as professional regulations. OnePipeline's patent-pending Automated Compliance System features a sophisticated Automated Compliance Engine (ACE(TM)) that allows -- for the first time -- third-party 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 accompanying fees for services actually rendered, with no additional cost to the homebuyer home·buy·er n. One who is in the process of buying a home. . OnePipeline is also the exclusive provider of loan origination compliance technology for Homestore.com, the nation's largest home and real estate network, and their real estate transaction platform. For more information, visit www.onepipeline.com. |
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