Sollen Technologies, an
Internet-based application services provider of product, pricing and
best execution capabilities for the mortgage industry, has entered into
an alliance relationship with Harland Financial Solutions. Sollen’s
pricing engine will integrate with Harland Financial Solutions’
Web-based Interlinq® E3®
loan production platform, providing users with an added tool to
ensure the quality of loan originations. The alliance allows loan
originators using Interlinq E3 to find a product and price that meets
the needs of their borrower within seconds. Harland Financial Solutions
is a leading software and service provider to more than 7,000 financial
institutions.
“The integration of Sollen’s
Pricing Engine and Interlinq E3 will help the mortgage industry improve
productivity while mitigating risk,” said A.O.
Clemons, President of Compliance and Risk Management Solutions at
Harland Financial Solutions. “Mortgage
providers may now more fully automate and integrate service providers
into their business processes, providing critical business process
management, integration and connectivity across the mortgage supply
chain.”
Through the use of XML and Web Services, Sollen’s
Pricing Engine and Harland Financial Solutions’
Interlinq E3 can
easily exchange data over the Internet in real time. Sollen’s
services for determining eligible loan products and their corresponding
fully adjusted pricing are integrated into the Interlinq E3 workflow.
This enables loan originators to spend time learning about the needs of
the borrower rather than sifting through hundreds of pages of loan
product guidelines and matrices. Subsequently, as more information is
discovered about the borrower, the eligibility and pricing can be
verified to ensure that the loan product or pricing is still a proper
fit.
“As a result of the proven success from the
customized integration for a mutual customer, Sollen and Harland
Financial Solutions agreed to take this cooperation to the next level
and to make integration available for all customers,”
said Michel Van Hee, CEO of Sollen Technologies. “This
is a wonderful opportunity for us to work with Harland Financial
Solutions and offer a product that will improve connectivity across the
mortgage supply chain throughout the entire lifecycle of the loan. Our
goal in the near future, is to include the integration of our services
focused on a lender’s secondary or lock desk
personnel to help relieve margin pressures that are mounting in this
volatile market.”
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.
About Harland Financial Solutions
Harland Financial Solutions, Inc. (www.harlandfinancialsolutions.com)
is a wholly-owned subsidiary of Harland Clarke Holdings Corp. and M & F
Worldwide Corp (NYSE: MFW). The company supplies software and services
to thousands of financial institutions of all sizes, offering its
solutions in both an in-house and service bureau environment. It is a
leader in core systems, item processing, enterprise content management,
branch automation, customer relationship management, business
intelligence, origination and document solutions, risk management,
compliance training, financial accounting, open documents, mortgage
solutions, electronic funds transfer (EFT), and electronic banking.
The information contained in this press release is accurate at the
time of publication. However, service offerings and availability,
relationships, contacts and other specified information may change over
time.
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