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Synechron Announces Strategic Solutions Frameworks(TM) For Mortgage Banking Industry.

PISCATAWAY, N.J. -- Synechron, a US-based software solutions and services provider in the mortgage industry, today announced the availability of two new Strategic Solutions Frameworks[TM] for the mortgage banking industry. These Frameworks reduce the time and expense required to implement, integrate, maintain and optimize the functioning of critical enterprise technology applications including LOS systems.

Synechron CRMS[TM] (Channel Relationship Management System) is an online application which has been designed to create and maintain broker and correspondent data for wholesale/correspondent/conduit lenders, enabling them to review, approve and manage their client (brokers/correspondents) network. Synechron CRMS will help automate the end-to-end broker approval and management process and provides a role-based, web-enabled single point of access and management.

The second Strategic Solution Framework, Synechron MCRS[TM] (Mortgage Credit Reporting System), is a web-based application that interfaces with most major credit reporting agencies to enable seamless, real-time retrieval of credit reports. Credit report retrieval is fully automated, rapid and accurate, optimizing the loan transaction process.

"We plan to introduce a suite of Strategic Solution Frameworks that address the most frequently occurring technology integration needs in the mortgage industry," commented Sanjeev Vishwakarma, Synechron's director of mortgage technology. He continued, "Although most mortgage banks do due diligence before making an investment in an enterprise system, it often does not meet all business requirements exactly and will need to be interfaced, customized and integrated. Synechron's new Strategic Solution Frameworks are designed to enable rapid, cost-effective and seamless optimization of these technology investments."

The key benefits of Synechron's Strategic Solution Frameworks include:

* Additional functionality at a lower cost

* Rapid application development

* High level of flexibility

* Adaptability to new needs in the fluid mortgage lending environment

* Scalability to manage future requirements

Synechron provides a range of technology services in the mortgage banking industry including development of loan origination and processing solutions around major LOS systems including Calyx Point, Contour, BYTE, Genesis, Encompass, Empower, TMO, MortgageFlex, Integra and Mortgage Cadence. Other services include automation services for critical business processes such as pricing, underwriting and compliance; and development of loan approval, comparative evaluation and credit management systems.

Synechron also offers BPO and KPO services built upon proven business process and technology services provided to major players in the mortgage banking industry including Washington Mutual, Capital Corp., American Mortgage Network, New York Mortgage Co., Gateway Funding Corp., Homeowners Loan Corp., First Residential Mortgage, and Mortgage Cadence, among others.

About Synechron

Synechron is an SEI CMMI Level 3 certified Global IT Solutions & Services provider with headquarters in New Jersey, global offices in the US & UK, and a state-of-the-art Development Center based in Pune, India. Synechron provides a range of IT solutions with a domain focus in Mortgage Banking, Capital Markets, Insurance and Internet Media & Technology. Services include development, customization, integration, maintenance, support, migration, automation, QA Services and KPO services. For more information visit
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Publication:Business Wire
Date:Dec 6, 2006
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