Commerce Velocity Expands Operations, Adds Additional Office Space and Staff; Expansion is Fueled by an Influx of New Customers.IRVINE, Calif. -- Commerce Velocity Inc. (CV), a leading mortgage business process automation provider, announced the expansion of its corporate headquarters and the addition of new staff members. The company has increased its office space and added more personnel to meet the needs of a rapidly growing client base. "We've assembled an extremely talented team of senior-level people who possess a deep understanding of the mortgage banking industry," said Umesh Verma, 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. of Commerce Velocity. "These key additions add to an existing team of mortgage technology savvy people who have done an outstanding job at delivering lending automation solutions to our customers. We look forward to a continuance The adjournment or postponement of an action pending in a court to a later date of the same or another session of the court, granted by a court in response to a motion made by a party to a lawsuit. of unremitting growth." The company obtained an additional office suite within its existing Irvine, Calif.-based building, which will house newly hired software developers, project managers, business analysts and implementation specialists. Additionally, CV has expanded its offshore development center located in Bangalore, India. "The expansion of our India-based development center provides the company with the necessary bandwidth to develop CV's next generation of products and enables us to become the irrefutable irrefutable - The opposite of refutable. market leader in our space," said Veeps Piravi, senior vice president of application management services at Commerce Velocity. "Our development teams 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. and in India continue to work together to build cutting-edge technologies for the mortgage banking industry." "It has truly been a phenomenal year for us across the board," said Jim Schwegman, senior vice president of sales and marketing at Commerce Velocity. "Our rapid growth is the result of our development groups building unparalleled technology solutions coupled with a highly consultative business approach to customers by our sales executives and engineers. The foundation for our success continues to be, and always will be, our results-driven applications and our technical team of industry experts." CV plans to announce the bulk of its new clients in the first quarter of 2005. About CV Founded in 1999 and headquartered in Irvine, Calif., Commerce Velocity (CV) is a leading business automation solutions provider that offers a modularized mod·u·lar·ized adj. Having or made up of modules: modularized housing. Web-based decisioning suite to the mortgage and consumer lender. CV's decisioning engines specialize spe·cial·ize v. 1. To limit one's profession to a particular specialty or subject area for study, research, or treatment. 2. To adapt to a particular function or environment. in automating the non-prime, non-conforming and prime lending workflows at the point-of-sale from intelligent lead distribution and management, pricing and pre-qualification, application processing, credit management, automated underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. to fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. . The built-in connectivity of the company's modules seamlessly integrate with any legacy system, third party application, and LOS. For more information, please visit www.cvelocity.com or call 949.756.8950, ext. 114. |
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