Contour Internet Services Releases Seven New Internet-Based Tools For Lenders.SILICON VALLEY, Calif.--(BUSINESS WIRE)--Oct. 16, 1998-- Products give consumers ability to analyze mortgage needs via Web Contour Internet Services (CIS Cis (sĭs), same as Kish (1.) (1) (CompuServe Information Service) See CompuServe. (2) (Card Information S ) has announced the release of a suite of Internet-based tools that help consumers objectively and accurately analyze their mortgage needs and determine how a mortgage loan would impact their personal financial situation via a lender's Web site. These seven new products are designed to operate on an individual mortgage lender's Web sites, allowing lenders to dramatically increase their on-line business. CIS is a division of Contour Software, Inc., a Silicon Valley, California-based provider of mortgage loan software systems for the financial industry. "Today's consumer wants to analyze every possible loan option available to them on the Internet without having to go to a loan officer," said Scott Cooley, president of Contour Software Inc. "These seven new products, the likes of which have never been made available for sale to mortgage origination companies, add a whole new dimension to a consumer's self-help capabilities." These new products allow consumers to perform almost every mortgage analysis or calculation associated with selecting a loan product. For example, a consumer can not only locate and compare loan products currently available in the market, but also instruct one of the tools to notify him or her via e-mail when the chosen loan product is available at the desired interest rate. The suite of products includes the following: 1. The Rate Reporter - Gives consumers the ability to locate a loan program instantly; includes comparisons and cost forecasts. 2. The Loan Qualifier qual·i·fi·er n. 1. One that qualifies, especially one that has or fulfills all appropriate qualifications, as for a position, office, or task. 2. - Allows consumers to determine what they can actually afford. 3. The Loan Advisor - Provides consumers with the loan program currently available that best fits their finances. 4. The Loan Monitor - Helps determine whether or not consumers should refinance Refinance 1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. their current mortgage. 5. The Market Observer - Notifies consumers via automatic e-mail whenever a desired interest rate is available. 6. The Digital Brochure - Helps real estate agents generate sales brochures with a lender's specific loan program, agent and contact information. 7. Library and Resources - Offers a wealth of mortgage information to consumers through a comprehensive library, index and collection of relevant articles. "Consultative mortgage Web sites have been all the rage General Public's All the Rage was released in 1984 by I.R.S. Records. Track listing
tr.v. in·tu·it·ed, in·tu·it·ing, in·tu·its Usage Problem To know intuitively. [Back-formation from intuition. and HomeShark have greatly increased traffic and converted many prospects into applicants by offering similar capabilities to ours at their Web sites. "These companies have spent hundreds of thousands of dollars building their Web sites and creating these tools. Today, for around $5,000, our clients can look as good or better than the best of them. Having such tools helps level the playing field. Even small lenders can now look very large on the Internet." Complete versions of all seven new products are available for viewing at www.mtgloan.com. ABOUT CONTOUR INTERNET SERVICES Founded in 1996, Contour Internet Services (www.mtgloan.com) is a division of Contour Software Inc. With a specialized set of Internet-based products and services, Contour Internet Services designs and hosts corporate Web pages for mortgage, financial and banking companies. Designed to simplify the process and decrease the time required to buy a home, The InfoMortgage Highway(products and services allow lenders to successfully originate and close loans through the Internet. Contour Internet Services received many industry accolades for the outstanding design and functionality of its Web page products in 1997. Some of these include: the Internet Developer of the Month Award from Best Internet Communications, NetGuide's Gold Award, the Top 21 of All Web Sites Award and the Real Estate Library Gold Award. Currently, Contour Internet Services supports more than 150 mortgage companies. ABOUT CONTOUR SOFTWARE INC. Founded in 1982, Contour Software offers practical solutions for the mortgage loan finance industry. The company's 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 Mortgage Banking Series, is a complete line of software products for every facet facet /fac·et/ (fas´it) a small plane surface on a hard body, as on a bone. fac·et n. 1. A small smooth area on a bone or other firm structure. 2. of mortgage lending, from qualification to servicing. With a customer base of 35,000 active seat licenses, Contour Software is a technology leader with the most complete line of software products and the most electronic commerce connections in the industry. Customers include 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. , mortgage brokers, credit unions, commercial banks and savings institutions. A 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. of First American First American may refer to:
For more information, contact Scott Cooley, President, Contour Software, 700 West Hamilton, Campbell, CA 95008-0403, call 800-CONTOUR (800-266-8687) or visit www.contoursoft.com, www.mtgloan.com, www.lenderdirectory.com or www.processloan.com. ABOUT FIRST AMERICAN REAL ESTATE INFORMATION SERVICES The First American Financial Corporation (NYSE NYSE See: New York Stock Exchange :FAF FAF abbr. financial aid form ) is the nation's leading provider of real estate-related financial and information services. Through its wholly owned subsidiary, First American Real Estate Information Services Inc., it provides a variety of services to leading financial institutions nationwide, including credit reporting, flood compliance, appraisal services, mortgage 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. and servicing systems, real estate tax reporting, certification, and outsourcing, document preparation services, property reporting and valuation, loss mitigation and default management solutions. The Information Services group has its headquarters in St. Petersburg, Fla. Through other subsidiaries, First American Financial, founded in 1889 and based in Santa Ana Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif., has more than 13,000 employees in over 400 branch offices in the United States and abroad. Information about the company's subsidiaries and an archive of its press releases can be found at www.firstam.com. |
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