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BSB Bank & Trust Co. Upgrades Loan Origination Software to Dynatek's MORvision.


Business Editors

LIVONIA, Mich.--(BUSINESS WIRE)--Sept. 20, 2001

$2.3 billion bank seamlessly converts

entire LOS system within 30 days

Dynatek, one of the mortgage industry's foremost providers of mortgage lending software solutions, today announced that BSB BSB Backstreet Boys
BSB Bayerische Staatsbibliothek
BSB British Superbikes (motorcycle racing series)
BSB Bachelor of Science in Business
BSB Bandar Seri Begawan (capital of Brunei) 
 Bank & Trust Co. is using Dynatek's MORvision(TM) software for its loan originations 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.
.

Binghamton, N.Y.-based, BSB Bank & Trust, is a $2.3 billion lending institution Noun 1. lending institution - a financial institution that makes loans
financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in
 serving southern and central New York Central New York is a term used to broadly describe the central region of New York State, roughly including the following counties and cities:

Cayuga County – Auburn
Cortland County – Cortland
Madison County – Oneida
 State.

The bank successfully completed the installation of, and conversion to, MORvision within 30 days. BSB Bank & Trust Co. moved from an older DOS-based technology to the more advanced, Windows(R)-based MORvision system from Dynatek.

"We selected Dynatek's MORvision solution over more than a dozen other LOS systems," said Robert Anderson There have been many well-known people named Robert Anderson, including:
  • Robert Anderson (biographer) (1749–1830), Scottish literary scholar and editor.
  • Robert Anderson (general) (1741–1813), Revolutionary general and Lt.
, vice president of BSB Bank & Trust. "MORvision has the flexibility and Web-enabled technology we were looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
, and it combines originations and all our mortgage processes into one proven system."

MORvision is a loan origination software system that automates point-of-sale, web origination, processing, underwriting, closing, secondary tracking and delivery. Multiple business channels Business channels are TV channels that concentrate on business news. List of channels
  • CNBC (American channel produced by NBC-Universal).
  • Bloomberg Television (American channel produced by Bloomberg LP)
 such as retail, correspondent, and wholesale lending; Internet origination; government, conventional and sub-prime loans; and more can all be accommodated in Dynatek's MORvision. Dynatek's software is a true 32-bit, object-oriented, open-architecture, enterprise-wide system that allows for multiple database connectivity.

"Dynatek's staff was so easy to work with," continued Anderson. "They were professional, organized and helpful and were very knowledgeable about MORvision and how it would work as our back office processing system. I was impressed that there were no installation problems whatsoever, which meant a lot to us because there were no glitches or snags to disrupt the workflow of our processing department. To be up and running in 30 days made the entire conversion trouble-free and painless for both our staff and our customers."

Jack Luhtanen, president of Dynatek, added that, "Dynatek is the only LOS vendor in the industry that can accomplish this in such a brief amount of time."

"When BSB Bank & Trust said they needed an advanced LOS system, but were concerned about the hassles and costs associated with lengthy implementations, we knew that MORvision was the answer," continued Luhtanen. "Separating Dynatek from the crowd is our 45 Go Live Implementation Service, a distinctive installation plan that delivers an efficient and seamless transition from antiquated, outdated loan origination software to our state-of-the-art MORvision. This installation plan allowed us to fully convert BSB Bank & Trust Co. in one month's time."

"We are currently rolling out new features every week," added Anderson. "Dynatek's solution has allowed for improved performance and functionality, which ultimately saves us both time and money. I feel we made the right choice in selecting MORvision."

About BSB Bancorp, Inc.

BSB Bancorp, Inc. is the holding company of BSB Bank & Trust Co. BSB Bank & Trust offers full service business and retail banking services throughout southern and central New York State. BSB Bancorp, Inc. and BSB Bank & Trust Co. are headquartered in Binghamton, New York This article is about the City of Binghamton, New York. For the adjacent Town of Binghamton, see Binghamton (town), New York.
Binghamton is a city located in the Southern Tier of New York in the United States. It is the county seat of Broome County.
 and conduct business in Broome, Tioga, Chenango, Chemung, Onondaga and throughout Central New York and the southern tier The Southern Tier is a geographical term that refers to the counties of New York State west of the Catskill Mountains along the northern border of Pennsylvania.

The region is bordered to the south by the Northern Tier of Pennsylvania, and together these regions are known as
. For additional information, contact Bob Anderson
For other people named Bob Anderson, see Bob Anderson (disambiguation)


Bob Anderson (b. 19 May 1931, Hendon, London - d. 14 August 1967, Northampton) was a Grand Prix motorcycle road racer and racecar driver from England.
 via email at randerson@bsbbank.com, or visit the company's Web site at www.bsbbank.com.

About Dynatek

Founded in 1986, Dynatek is one of the first companies of its kind to offer specialized mortgage loan origination software. The company pioneered the use of Microsoft Windows See Windows.

(operating system) Microsoft Windows - Microsoft's proprietary window system and user interface software released in 1985 to run on top of MS-DOS. Widely criticised for being too slow (hence "Windoze", "Microsloth Windows") on the machines available then.
(R) software in LOS technology in 1995, affording its clients with increased flexibility and performance. Since then, Dynatek has continually strived to set the standard in the industry. Presently, Dynatek is nationally recognized as a leader with uncompromising standards of excellence. Through innovative solutions, Dynatek leads the industry by putting its customers' success first.

For more information, contact Michael Hammond, director of sales and marketing 17488 Laurel Park Laurel Park can refer to:
  • Laurel Park, North Carolina
  • Laurel Park, Virginia
  • Laurel Park Racecourse, horse racing facility in Laurel, Maryland.
  • The neighborhood Laurel Park, Richmond, California.
  • The landfill in Naugatuck, CT Laurel Park Incorporated.
 Drive North, Livonia, MI 48152-3981, call 800-462-5545, or visit the Internet site at www.dynatek.com.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Sep 20, 2001
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