Sollen Technologies Celebrates Eight Years of Excellence.Upgrades to technology to meet customers' needs results in steady growth DALLAS Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. -- Sollen Technologies, an Internet-based application services See ASP and Web services. provider of product, pricing and best execution capabilities, is celebrating eight years of service to the mortgage industry. Significant advancements in its technology over the past years now puts more detailed information in loan officer's hands and allows them to acquire loan rates much faster. Sollen now has more than 100 customers. "We were never seeking to re-invent the wheel for our customers. We simply wanted to make their workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. processes more efficient by providing a best-of-breed pricing system Noun 1. pricing system - a system for setting prices on goods or services system - a procedure or process for obtaining an objective; "they had to devise a system that did not depend on cooperation" ," said Michel Michel named after Gaston Michel, a French surgeon (1875-1937). Michel clip metal skin sutures in various sizes from 8 to 16 mm long. Each clip is a 2 mm wide band of metal with a downturned sharp prong at each end. Van Hee, chief executive officer of Sollen Technologies. "We are always actively listening to our customers and adapting our products to best suit their needs." Upgrades to Sollen's Lender Online loan platform have now enabled users to capture multiple lending options in one execution. Sollen's distributed pricing engine has been expanded so that it can support many new investors in addition to the 40 major investors they currently offer. A major re-write of the customer's operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. , the Sollen Client Configuration site, is due to be released by the end of Q1 '07. This major upgrade will make managing the product and pricing offering much more efficient and user friendly for our clients. Enhancements and innovations have been made to the entire suite of Sollen products recently. Loan officers and secondary marketing users can now view the actual guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. from an investor rather than an interpreted version, and they can create a complete margin-based rate sheet, which facilitates the pricing of loans by speeding and simplifying the search for Option ARMs. In addition, a recent partnership with Netupdate pairs Netupdate's point-of-sale system, Originator Originator A bank, savings and loan, or mortgage banker that initially made a mortgage loan that is part of a pool. Also, an investment bank that has worked with the issuer of a new securities offering from the beginning and is usually appointed manager of the underwriting Pro with Sollen's Product Eligibility and Pricing engine. Originator Pro is convenient for borrowers because they can initiate a loan application and check on that loan from their personal Web site at any time. "Working for the benchmark in the industry is an extremely rewarding experience," said Mason Rees, regional sales representative. "In the last couple of years, we've made a concerted effort to diligently dil·i·gent adj. Marked by persevering, painstaking effort. See Synonyms at busy. [Middle English, from Old French, from Latin d strengthen the internal functionality of our system. And now that our internal systems are solid, we're very excited about the many major enhancements we have planned for Lender Online in the near future." About Sollen Technologies Based in Dallas, Sollen Technologies is an Internet-based application services provider of product, pricing and best execution capabilities for the mortgage industry. Sollen Technologies' vision is to provide comprehensive products and services that bring measurable value to the retail, wholesale, and correspondent channels. The company's innovative technology helps to enhance the relationship between originators and lenders enabling both to effectively compete in today's marketplace. For additional information about Sollen Technologies, visit the company's Web site at www.sollen.com. |
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