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Software empowers national lender.


Fidelity Business Systems Group, a division of Fidelity National Financial, Inc., announced the successful deployment of the Empower! loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 software system throughout all of the delivery channels of GreenPoint Mortgage, a national lender in nonconforming residential mortgages.

Based in Novato, California Novato is a city located in the North Bay region of the San Francisco Bay Area, in northern Marin County. As of a 2000 census, the city population was 47,630. Novato is 30 miles north of San Francisco on US 101. , GreenPoint Mort gage specializes in "Alternative A" loans, with originations of more than $33 billion in 2002.

Fidelity Empower! was deployed to over 2,500 end users conducting business through GreenPoint's various wholesale, retail, correspondent and commercial lending channels.

In addition, the Empower! loan origination software system has been integrated with GreenPoint's 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.  platform, which is provided by Fidelity Information Services See Information Systems. .

"GreenPoint selected Empower! to meet its needs for aggressive expansion into new geographic markets and its increasing standards for data quality," said Mike Sutton Mike Sutton is the head men's basketball coach at Tennessee Technological University. He took over in 2002, after Jeff Lebo departed to lead the basketball program at the University of Tennessee at Chattanooga. , Chief Information Officer for GreenPoint Mortgage.
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Title Annotation:Technology Update; Fidelity Business Systems Group, Empower! software used by GreenPoint Mortgage Corp.
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 26, 2003
Words:134
Previous Article:Quality control.(Technology Update)(Brief Article)
Next Article:Where to find it.(On the Web)
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