Byte Enterprises Expanding Customer Service Operations.CHICAGO--(BUSINESS WIRE)--March 24, 1999-- Record sales boost company growth beyond current capacity Byte Enterprises announced today at the Annual MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration Mortgage Technology Convention that the company is relocating its offices to triple the size of its current location. The move is directly related to the company's expanded operations due to increased business in 1998. In 1998, Byte experienced an increase in revenue of more than 50 percent over 1997. Further the company's profits in 1998 totaled nearly three times that of the previous year. "We're experiencing record growth and are very excited about the upcoming year's events," said Dale Eisenhart, president of Byte Enterprises. "The company's success is related to the strong market and the success of our customers. This expansion will only help improve customer service to our users, which then benefits the borrowers." Byte's product offering will remain consistent with its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. The Qualifier Series(tm) (TQS TQS Total Quality Service TQS Television Quatre Saison TQS Throttle Quadrant System (gaming) TQS Total Quality Score TQS Total Quality Selling, Inc. ) and its recent development, TQS-Rates. About TQS TQS provides loan officers with comprehensive, end-to-end mortgage origination tools. TQS has seamless interfaces with leading technology and service providers in the industry, including CBC (1) (Cell Broadcast Center) See cell broadcast. (2) (Cipher Block Chaining) In cryptography, a mode of operation that combines the ciphertext of one block with the plaintext of the next block. , Equifax, Experian, Fannie Mae Fannie Mae: see Federal National Mortgage Association. , Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. , LION (Lenders Interactive Online Network), and TransUnion. In 1997, National City Mortgage formed a testing group to recommend laptop software, most of which were originators. They narrowed their search down to four competitive products, then used the software for a period of time. After extensive testing they recommended the purchase of TQS. "The testing group came to me saying 'if you want a user-friendly, easy to learn and use Easy to learn refers to software that is well designed and capable of being used right away without having to wade through documentation. If you make the program work with little effort, it is easy to learn. 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. software solution that the loan officers will use, Byte's TQS is the software to select,'" said Julie Berry, manager of automation for National City Mortgage. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Stan Sheram, Group Vice President of the Mortgage Department at Athens First Bank and Trust in Athens, Georgia Athens-Clarke County is a unified city-county in Georgia, U.S., in the northeastern part of the state, at the eastern terminus of Georgia 316. The University of Georgia is located in this college town and is responsible for the initial creation of Athens and its subsequent growth. , the system's interfaces are invaluable. "Now, when a client applies for a mortgage, we can get the underwriting decision and have all the necessary documents and paperwork ready and signed before the client leaves the bank. The only item needed to complete the deal is an appraisal," said Sheram. About TQS-Rates TQS-Rates provides lenders with the ability to update mortgage rates at the home office and send the rates via e-mail to satellite offices and correspondents. The program also allows for multiple distribution lists so lenders can distribute Retail or Wholesale pricing as appropriate, as well as regional or state-specific rate information. In addition, loan officers who meet with borrowers away from the office no longer need to carry copies of various rate sheets. TQS now allows loan officers to update rate information from within the program. TQS sorts through e-mailed rate sheets for the requested product and allows the loan officer to select a pricing option, calculate any adjustments and e-mail a lock-in request. Loan officers can also print out the search results and drop the information into a Good Faith Estimate for the borrower. In addition, TQS supports the ability to email loan application files to and from the lender's/correspondent's home office. "Rate sheets are simply a thing of the past," said Dale Eisenhart, president of Byte Enterprises. "Origination processes have become fully automated, allowing loan officers to do their job much more efficiently, and therefore effectively." About Byte Enterprises Headquartered in Seattle, Byte Enterprises is one of the nation's largest providers of lending software and solutions for the mortgage industry. With an installed user base of more than 4,500, Byte's flagship product, The Qualifier Series(tm) provides comprehensive processing for mortgage origination, underwriting and closing to mortgage bankers Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. , brokers and financial institutions nationwide. Founded in 1986, Byte customers include National Bank of Arizona, Commercial Mortgage Corporation of California, NationsBanc Mortgage of South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. , and National City Mortgage. For more information on Byte Enterprises or The Qualifier Series, write Byte Enterprises, Inc., 6016 NE Bothell Way, No. F208, Seattle, WA 98155; or call toll-free at (800) 695-1008. Visit their Internet site at www.byteenterprises.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion