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Ace Mortgage Funding Implements Lender Support System's DocWin.

POWAY, Calif. -- Lender Support Systems, Inc. (LSSI), a global provider of lending and loan servicing technology solutions, announced the implementation of LSSI's mortgage document preparation technology, DocWin, by Ace Mortgage Funding, LLC, an Indianapolis, Ind.-based independent mortgage banker that provides wholesale and retail lending.

As a company that experienced rapid national growth since 1998, Ace Mortgage Funding sought to make its origination process more efficient and better able to develop and use comprehensive and compliant loan documentation. LSSI first came to Ace Mortgage Funding's attention when the lender acquired the wholesale asset of Millennium Funding Group, which was already a user of LSSI's origination software and recommended retaining LSSI's services.

DocWin, LSSI's mortgage closing software, allows Ace Mortgage Funding to process more loans in less time. The solution, customized to Ace Mortgage's specifications and preset loan parameters, walks the lender's staff through the loan process, presenting only applicable screens and documents to streamline workflow. DocWin then provides files that are ready to print or e-mail. Compliance updates are also provided as needed as a download from the LSSI Web site.

"We selected the system based on the recommendation of our new Millennium Funding employees, which had been using the solution since December 1993," said Robert Gregory, founder of Ace Mortgage Funding. "We value DocWin because it simplifies our origination process and reduces much of the compliance burden we face."

"DocWin provides Ace Mortgage with a cost-effective tool that helps its staff to be more productive," said Cary Burch, president and CEO of LSSI. "The solution offers lenders a way to change the way they do business and leverage increased efficiencies into a competitive edge."

About Ace Mortgage Funding, LLC

Ace Mortgage Funding, LLC, a subsidiary of Ace Holding Company LLC, is a national leader in mortgage lending originating more than $3 billion in residential mortgage in more than 40 states at 25 retail offices throughout the United States. By offering customer focused, flexible lending solutions for home purchases and refinancing, Ace Mortgage Funding LLC continues to serve a rapidly expanding customer base throughout the nation. Ace is licensed in more than 45 states and originates non-conforming, government (FHA-VA), HELOC, conforming and Alt-A loans. For more information, please visit: www.acerefi.com.

About Millennium Funding Group

Millennium Funding Group is a national mortgage lender with more than $1 billion in annual originations offering wholesale lending solutions to mortgage brokers and the secondary mortgage market. Millennium is dedicated to serving the broker community nationwide with their specialized Non-conforming and sub-prime products. For more information, please visit: www.mfgloans.com.

About LSSI

Founded in 1982, Poway, Calif.-based Lender Support Systems, Inc. (LSSI), led by mortgage industry veterans, provides a suite of eMortgage 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's technology solutions include: compliance services, mortgage closing document preparation software, servicing software, document imaging, data extraction, business process outsourcing solutions and custom software solutions. For more information, visit www.lendersupport.com.
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Publication:Business Wire
Date:Jan 18, 2007
Words:516
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