Contour Offers Status Reports and Secure Mortgage Applications on the Internet.CAMPBELL, Calif.--(BUSINESS WIRE)--Feb. 18, 1997-- Industry's first fully-secured URLA URLA Uniform Residential Loan Application URLA Upper Rideau Lake Association for web sites released Contour Software, a Silicon Valley, California-based provider of mortgage loan software systems, announced today the release of a new option to its web hosting service A web hosting service is a type of Internet hosting service that allows individuals and organizations to provide their own websites accessible via the World Wide Web. Web hosts are companies that provide space on a server they own for use by their clients as well as providing , The InfoMortgage Highway(TM). This option, known as The Web Reporter, enables lenders to post any loan file information to a section of their password-protected web site. Loan information can be updated nightly night·ly adj. 1. Of or occurring during the night; nocturnal: the cat's nightly prowl. 2. Happening or done every night: the physician's nightly rounds. or as often as the lender desires and viewed only by those with proper security clearance. Borrowers, Realtors, builders, managers and loan officers can now check on the status or details of a loan any time of day by visiting the lender's web site and providing the proper password. "Mortgage companies waste a tremendous amount of employee time and resources simply relaying information between parties to the loan transaction," commented Scott Cooley Coo·ley , Denton Arthur Born 1920. American surgeon and educator who in 1969 performed the first artificial heart transplant on a human. , president of Contour Software. "The Web Reporter eliminates this cost and provides a new level of service. In today's marketplace, mortgages are commodities and service sets the companies apart. Now mortgage companies can increase their perceived service level and reduce their costs at the same time for just a dollar per loan per month." Using Contour's desktop tools, lenders can design a report from any of the several thousand data elements available from each loan file stored in Contour's desktop applications. Once a report is designed, the report and all merged loan data is uploaded to Contour's own Internet server and then can be viewed real-time. This allows mortgage companies to easily and cheaply build an "extranet" so that all parties involved in the loan transaction can constantly access the information they need. This option does not require a mortgage company to setup See BIOS setup and install program. their own web server, obtain HTML HTML in full HyperText Markup Language Markup language derived from SGML that is used to prepare hypertext documents. Relatively easy for nonprogrammers to master, HTML is the language used for documents on the World Wide Web. programmers This is a list of programmers notable for their contributions to software, either as original author or architect, or for later additions. See also: Game programmer, List of computer scientists or even understand what an extranet is. Contour also announced the release of the industry's first secured residential loan application for mortgage companies who have a presence on the Internet "Many mortgage companies have yet to allow consumers to submit full loan applications on the Internet due to some very real security issues," Cooley added. "Consumers know to never give out very sensitive information on the to The InfoMortgage Highway. Founded iustomer base of over 6,000 nationwide. For more information, contact Scott Cooley, President, Contour Software, 700 West Hamilton, Campbell, CA, 95008-0403, call KEYWORD: CALIFORNIA GEORGIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED ComEd Commonwealth Edison COMED Combined Map and Electronic Display PRODUCT |
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