Citizens First Wholesale Mortgage Co. Prepares for Baby Boomer Housing Surge with Mortgage Builder LOS; Retirement Community Lender Chooses Mortgage Builder's End-to-End Solution for Expansion.ORLANDO, Fla. -- Mortgage Builder Software, Inc., a provider of end-to-end mortgage banking software solutions, announced that Citizens First Wholesale Mortgage Co. installed its 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 (LOS). The Villages, Fla.-based Citizens First Wholesale Mortgage Co. is directly affiliated with The Villages, the largest single site retirement community in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Currently home to more than 50,000 people, The Villages is in the process of expanding to 100,000 residents within the next six years to accommodate retiring "Baby Boomers See generation X. ." Citizens First Wholesale Mortgage Co. will process the majority of those loans. To prepare for this boom in business, the company searched for an end-to-end LOS capable of handling the extra volume. Dealing with multiple vendors opens up opportunities for error. By streamlining the process with Mortgage Builder's full enterprise system, Citizens First Wholesale Mortgage Co. will increase accuracy and efficiency. "The software provides us everything we need all with one vendor: a one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. ," said Joe Applebaum, manager of information systems and facilities at Citizens First Wholesale Mortgage Co. "As we grow, Mortgage Builder's technology will continue to meet our changing needs." Much deliberation deliberation n. the act of considering, discussing, and, hopefully, reaching a conclusion, such as a jury's discussions, voting and decision-making. DELIBERATION, contracts, crimes. went into choosing Citizens First Wholesale Mortgage Co.'s new LOS provider, including researching several competing companies. The principal criteria in the decision were that the provider offers an end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. , remote laptop Same as laptop computer. laptop - portable computer capabilities and completely integrated Web sites. Also, when contacted, Mortgage Builder's clients were delighted with the product, and this was a deciding factor. "Mortgage Builder Software is dedicated to providing its clients with software that continually improves the level of service they give their customers," said Keven Smith, president of Mortgage Builder Software. "The transition to an end-to end LOS will enable Citizens First Wholesale Mortgage Co. to process more loans in less time and with greater accuracy." About Mortgage Builder Software, Inc. Headquartered in Southfield, Mich., Mortgage Builder Software, Inc. has provided high-quality loan origination software (LOS) systems 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, credit unions and financial institutions for more than 25 years. The Mortgage Builder(R) system is an all encompassing Windows(R)-based software package that addresses mortgage banking needs throughout the entire loan process from point-of-sale to closing and all back-office functions. Mortgage Builder Software supports Microsoft(R) and UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). platforms and is the first provider of Linux-based LOS software in the industry. Mortgage Builder Software was named one of the industry's Top 100 technology vendors in 2005 and recognized for its customer service in 2003 by Mortgage Technology Magazine. For more information, visit www.mortgagebuilder.com. |
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