Corporate Profile for The Credit Network, dated Aug. 16, 2002.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: August 16, 2002
Company Name: The Credit Network
Address: 15 Howard Street
Framingham, MA 01701
Main Telephone
Number: 800/877-5266
Chief Executive
Officer: Richard Downing, Jr.
Chief Financial
Officer: Lauren Sexeny
Public Relations
Contact: Kelly Williams
Business number: 678/781-7202
E-mail address: kelly@williammills.com
Industry: Mortgage Credit Reporting
Company Description: Since 1926, The Credit Network has been serving the needs of credit grantors and mortgage lenders. Based in Framingham, Mass., the company is one of the largest independent mortgage credit reporting companies in the nation with more than 600 clients across 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. . The Credit Network was the first mortgage reporting company to automate the process of requesting mortgage credit reports directly from the 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 tracking systems to an automated mortgage credit investigation system. Today, the company has interfaces to most residential mortgage origination software providers including ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. Virtual Communications, Calyx calyx (kā`lĭks): see sepal. Software, Contour Software, Dynatek, Eastern, FiTECH Systems Lending Division, EDS/Lakewood, Genesis 2000, Fiserv, Contour, Loansoft, GHR GHR Growth Hormone Receptor GHR Genetics Home Reference GHR Growth Hormone Releaser GHR General Hypnotherapy Register (UK) GHR Gharghur (postal locality, Malta) GHR Guaranteed Home Rating Systems, Inc. and MortgageFlex. In an effort to expedite the origination process and reduce dependence on paper, The Credit Network has taken advantage of EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. (electronic data interchange See EDI. (application, communications) electronic data interchange - (EDI) The exchange of standardised document forms between computer systems for business use. EDI is part of electronic commerce. ) technology with the development of its TCNLink(TM) communications package. TCNLink is a two-way communication Two-way communication is a form of transmission in which both parties involved transmit information. Common forms of two-way communication are:
The company also has an Internet-based version of its software called iTCN, which enables loan originators to access TCN's products and services without installing any software. Unlike most credit reporting models, which require the lender to install software and client-side loan origination software (LOS) interface programs, iTCN's platform-based software remains at The Credit Network, which eradicates difficulties caused by software upgrades and "bug fix" issues often faced by lenders. |
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