LSSI and Portellus Form Strategic Alliance.Service providers integrate systems to function together seamlessly POWAY, Calif. -- Lender Support Systems Inc. (LSSI LSSI Ley de Servicios de la Sociedad de la Información (Spainisn) LSSI Lutheran Social Services of Illinois LSSI Library Systems and Services Inc. LSSI Lender Support Systems Inc. LSSI Logistics Support Systems and Integration ), a global provider of lending and loan servicing Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type loan and the terms negotiated between the firm and the investor seeking their services. technology solutions, and Portellus Inc., a software solution provider for the mortgage and insurance industries, have announced a strategic alliance and successful systems interface. The alliance joins Portellus' origination platform, with LSSI's mortgage closing, servicing and imaging technologies, fully automating the ordering of loan closing documents. The seamless interface compiles loan data from Portellus and directly links with LSSI, enabling users to increase efficiencies in loan processing through the use of a single system. When users of Portellus' origination platform request loan closing documents through the automated interface, the information is transferred to LSSI and the document packages are completed and returned to the user. "Our goal is to deliver advanced technology solutions to our customers, enabling them to maximize their profits through increased efficiencies," said John Le, president of Portellus. "By partnering with LSSI, a company that shares our vision, we are able to meet that goal by helping our customers increase the quality and reduce turn around time when ordering loan closing documents." "Portellus' 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. platform flows into our point-and-click mortgage closing documents and disclosure technology," said Cary Burch, president and 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 LSSI. "Partnering with the best companies in the industry, we can provide lenders with the technology they need to simplify their processes and allow them to enhance their focus on increasing loan volume and cultivating customer relationships." About Portellus Headquartered in Irvine, Calif., Portellus Inc. is a leading provider of next-generation technology solutions for the financial services 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 insurance industries. The company's Decision Management, Enterprise Rules Management (ERM (Enterprise Relationship Management) An umbrella term with many shades of meaning over the years. It may refer to the management of information from any or all of an organization's customers, suppliers, business partners and employees. ), Loan Origination and Portal solutions utilize a service-oriented approach to deliver loosely coupled See loose coupling. applications and flexible solutions, enabling clients to gain competitive advantages, reduce costs, mitigate risk, increase profitability, comply with regulatory requirements and swiftly enter new markets. For more information, visit www.portellus.com. About LSSI Founded in 1982, Lender Support Systems Inc. (LSSI), led by mortgage industry veterans, provides a superior suite of eMortgage enabled technology solutions to mortgage lenders (including but not limited to bankers, credit unions, community banks) and service providers as a platform for building more streamlined, cost effective and profitable loan origination services. The company offers a full suite of eMortgage enabled technology solutions including: compliance services, mortgage closing document preparation software, servicing software, document imaging, data extraction Data extraction is the act or process of retrieving (binary) data out of (usually unstructured or badly structured) data sources for further data processing or data storage (data migration). , business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in solutions and custom software solutions. For more information, visit www.lendersupport.com. |
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