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CYBERTEK PROVIDES ONLINE FHA/VA PROCESSING, PARTNERS WITH IOWN, DEVELOPS XML SCHEMA.


COLUMBIA, SOUTH CAROLINA--BASED PoLIcy Management Systems Corporation (PMSC PMSC Policy Management Systems Corporation
PMSC Political Military Steering Committee
PMSC Peterborough Motor Sports Club
PMSC Professional Media Service Corporation
PMSC Private Military and Security Company
PMSC Pilipinong Migrante Sa Canada
), through its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, Dallas-based CYBERTEK, has announced that its newly established [LoanXchange.sup.SM] Internet service has been enhanced to permit retail loan officers and underwriters to process FHA/VA government loans. The CYBERTEK(r) LoanXchange service allows mortgage professionals to outsource the business process of obtaining real-time automated underwriting decisions for conventional and government loans using point-of-sale systems. LoanXchange enables originators to process loans through the Internet by providing access to Freddie Mac's Loan Prospector. More information can be found on LoanXchange's Web site, at www.theloanxchange.com.

PMSC has also announced through CYBERTEK that San Francisco-based iOwn, Inc., has licensed CYBERTEK's [LoanXchange.sup.TM] 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.
 solution. The license marks CYBERTEK's first partnership with an Internet mortgage company.

In addition, PMSC has announced its support of Microsoft(r) Corporation's BizTalk [Framework.sup.TM] by developing XML schema The definition of an XML document, which includes the XML tags and their interrelationships. Residing within the document itself, an XML schema may be used to verify the integrity of the content.  for the seamless electronic exchange of mortgage origination software. BizTalk Framework See BizTalk.  is a set of guidelines for how to publish schema in XML XML
 in full Extensible Markup Language.

Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations.
 and how to use XML messages to easily integrate software programs to build rich new solutions, according to Microsoft. More information can be found at www.cybertek.com or www.biztalk.org.
COPYRIGHT 1999 Mortgage Bankers Association of America
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999 Gale, Cengage Learning. All rights reserved.

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Publication:Mortgage Banking
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 1, 1999
Words:204
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