Regions Funding Implements Street Resource Group's Automated Warehouse Loan Import Capability.

ATLANTA -- Customized Warehouse Import Templates, Fannie Mae Integration, Universal Code Translation Eliminate Duplicate Data Entry, Allow for More Comprehensive Loan Data Set

Street Resource Group, Inc. (SRG), a provider of innovative technology solutions and software platforms specific to mortgage warehouse lending, now has the capability to import loan origination system (LOS) data into its SRG Warehouse Loan System (WLS) using the standardized Fannie Mae 3.2 file format as well as user-configurable import file format templates. This functionality provides a complete data set for the warehouse lender, eliminates duplicate data entry by the mortgage originator and further reduces the total cost per transaction.

"This evolution of technology enables the warehouse loan funding request to be much more integrated inline with the entire closing process, rather than being an obstacle or sidestep to the process," said Tom Holland, senior vice president of Regions Funding. "As technology continues to advance and companies like Street Resource Group provide innovative tools specific for warehouse lending, both originators and warehouse lenders will continue to benefit from the efficiencies created. We are able to add significant value back to the originator."

In order to perform meaningful statistical analysis, warehouse lenders need common codes for items such as transaction types, property types, loan types, etc. During the loan importing process, translation of data codes from disparate loan origination systems into a common set of codes used by the warehouse lender are handled seamlessly inside the application. Code translations are easily created at a global or customer level by the warehouse business unit without the need for programmers.

Using Microsoft .NET technology integration, the comprehensive data set provided by the SRG Warehouse Loan System allows the warehouse lender to utilize automatic fraud checking, risk management and credit decision analysis tools. These data verification and validation features combined with ability to imbed and submit document images along with the imported mortgage loan data create a virtual electronic warehouse loan and streamline the entire funding process. A funding request can now be received and approved within minutes.

"The SRG warehouse platform adapts and responds as the industry's needs evolve. We are committed to keeping pace with enhancements which improve the profitability of both our warehouse clients and their originator customers," said Stanley Street, president of SRG. "Adding this automated import capability to the platform is another step to increasing warehouse lending efficiency."

About SRG

For the past twenty years, Atlanta-based Street Resource Group, Inc. (SRG) has been an innovative technology solutions provider to the financial services industry. For more than seven years, SRG has focused solely on the warehouse lending industry. First developed in 1994, SRG's core product is the SRG Warehouse Loan System, a configurable Microsoft .NET software application that provides an automated workflow environment for secure online real-time warehouse lending. This solution is specifically designed for warehouse lending and incorporates all of the functionality needed to manage the entire warehouse loan life cycle. For more information, visit www.streetresource.com.