Contour Software Revamps Product Line with Internet-Based Solutions.CHICAGO--(BUSINESS WIRE)--March 24, 1999-- All new versions of The Communications Option and The Remote Closer released Contour Software Inc. has upgraded all of its products that support traditional communications methods with Internet-based solutions, the company announced at the Mortgage Bankers Association of America's National Technology in Mortgage Banking Conference, March 24-26, in Chicago. Contour customers may now use a single Internet connection for all their communication needs, replacing direct-dial applications. Most impacted in Contour's product line are The Communications Option(tm) and The Remote Closer(tm). Contour Software is a Campbell, Calif.-based provider of mortgage loan software systems for the financial industry. The Communications Option automates the real-time transfer of borrower files from branch offices to headquarters so that tasks can take place in a centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. location, including processing, tracking reports, auditing, underwriting and closing. "Internet enablization allows real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. transfer for The Communications Option, without the need for a dedicated or leased line A private communications channel leased from a common carrier. Most digital lines require four wires (two pairs) for full-duplex transmission. (communications, networking) leased line ," said Scott Cooley, president of Contour Software. "Our customers can now save hundreds of dollars a month through the elimination of Wide Area Network charges or long-distance calling costs. Borrower files are encrypted to ensure data security." The Remote Closer allows a closing document department to post a set of closing documents to a Web site. Then, any user with Internet access See how to access the Internet. and the correct password can download a free software application that enables printing of closing documents on a laser printer. The Remote Closer requires the use of The Loan Closer(tm) to generate the closing documents. "Now, The Remote Closer makes documents accessible from any location with an Internet connection, such as title companies, escrow offices, brokers and others," Cooley said. "This could save lenders time and money compared to overnighting the closing packages - it also resolves the `closing table blues' problem, where documents have mistakes and need fast corrections. Lenders can post new corrected documents immediately." Both The Communications Option and The Remote Closer have also been revamped to run in a Windows(R) environment. The upgraded Windows and Internet-enabled products are now available as part of Contour's complete line of mortgage lending solutions. Other products such as The Loan Handler(tm) and The Loan Closer have also had many new features that take advantage of the Internet. Contour will discontinue further development of direct-dial applications. The few remaining direct-dial applications to third-party vendors will be supported until such vendors offer Internet alternatives. "Writing software that works with thousands of different modems was a nightmare and very costly," Cooley commented. "Users will no longer have to mess with mess with Verb Informal, chiefly US to interfere in, or become involved with, a dangerous person, thing, or situation: he had started messing with drugs modem configuration issues and a multitude of different communications programs. A single Internet connection handles it all." 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 Banker Series(tm), is a complete line of software products for every facet of mortgage lending, from qualification to servicing. With a customer base of 40,000 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 brokers, credit unions, commercial banks and savings institutions. A direct, 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 The First American First American may refer to:
For more information, contact Scott Cooley, president, Contour Software Inc., 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. User contacts and case studies are available upon request. About First American The First American Financial Corporation, 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., is the nation's leading provider of real estate-related financial and information services See Information Systems. . The corporation's subsidiaries include First American Title Insurance Company, a national and international title insurer; First American Real Estate Information Services, Inc., which offers tax monitoring, credit reporting, property data services, flood certification, field inspection services, appraisal services, loss mitigation 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, and mortgage document preparation nationally; First American Home Buyers Protection Corporation, a home warranty A Home warranty is an insurance contract that covers the repair and replacement costs of home appliances. The warranty generally covers equipment and appliances such as dishwashers, plumbing systems, electrical systems etc. company; and First American Capital Management, an investment advisory firm. The corporation also operates First American Trust Company and First Security Thrift Company in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . First American Financial has more than 17,000 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 on the Internet at www.firstam.com. |
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