Client-Server-Based Loan Servicing Technology From INTERLINQ to be Available On Web.Business/Hi-Tech Editors SAN FRANCISCO--(BUSINESS WIRE)--Oct. 30, 2000 ASP to Offer Mortgage Servicers Real-time Access to Data Without Upkeep of In-house Technology Infrastructure INTERLINQ Software Corporation (Nasdaq:INLQ) today announced that it will license its client-server-based technology for loan servicing Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type loan and the terms negotiated between the firm and the investor seeking their services. to Access Business Technologies (ABT ABT About ABT Abteilung (German: Department) ABT Abbott Laboratories (stock symbol) ABT American Ballet Theatre ABT Associação Brasileira de Telemarketing ABT Abort ABT Availability Based Tariff ), a Sacramento, Calif.-based technology company. ABT plans to offer INTERLINQ's MortgageWare Loan Servicing(TM) technology over the Web in an Application Service Provider (ASP) environment. The companies made the announcement at the 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. Association of America's 87th Annual Convention in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . "Our agreement with ABT creates another channel and showcase for INTERLINQ's flexible loan servicing technology," said Jiri Nechleba, INTERLINQ 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. . "We expect the ASP option to accelerate marketplace penetration of our technology." ABT is a spin-off technology company from Security National Servicing Corporation (SNSC SNSC Supreme National Security Council (Iran) ), a long-time INTERLINQ customer. Within one year of using INTERLINQ's loan servicing technology, SNSC found that it was able to manage 8 times more loans with 30 percent fewer people. SNSC recently transferred its more than 100,000 loans to ABT's INTERLINQ-powered servicing platform to further reduce its overall servicing costs. "Our Web-based environment lets companies access a best-of-breed loan servicing technology without having to worry about the underpinnings - the software, hardware and IT staff ," said Justin Kirsch kirsch n. A colorless brandy made from the fermented juice of cherries. [French, short for German Kirschwasser; see kirschwasser. , ABT president and CEO. "Our experience with INTERLINQ Loan Servicing convinced us that there was a great opportunity in giving loan servicers  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. a more modern, cost-efficient platform. Our solution allows servicers to focus on what they do best and leave the housekeeping to us." ABT is offering a total solution for mortgage loan servicers called MyCompany.Central(TM). This ASP-based solution provides turnkey integration between INTERLINQ's loan servicing technology, SAP R/3 financial accounting system, imaging, a data warehousing See data warehouse. data warehousing - data warehouse platform, and specialized collections technology. About Access Business Technologies Access Business Technologies specializes in providing robust and flexible solutions for the loan-servicing industry. As an application service provider, ABT delivers a loan servicing system that can be accessed in a real-time environment via the Internet. More information on ABT's products and services is available on the company's Web site at http://www.myABT.com. About INTERLINQ INTERLINQ Software Corporation, established in 1982, is a leading provider of technology that helps organizations effectively manage complex, information-intensive business transactions. The company's mortgage technology division offers client-server-based business solutions to commercial banks, mortgage banks, credit unions and savings institutions, including a number of the top originators. INTERLINQ lending systems process approximately one in eight retail mortgages, more than any other system. INTERLINQ's enterprise technology division provides process-centered, enterprise application integration (EAI (Enterprise Application Integration) Refers to various techniques used to share data and business processes in large enterprises. When companies acquire another organization, disparate information systems have to be made to work together. ) solutions. INTERLINQ is a proven innovator in EAI software technology and business-process knowledge management; its technology solutions have won industry recognition and awards. More information on INTERLINQ's products and services is available on the company's Web site at http://www.interlinq.com. |
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