Hyland Software Enables eMortgage Delivery for Chase Correspondent Lenders

May 12, 2006

CLEVELAND--(BUSINESS WIRE)-- Hyland Software Inc., developer of the OnBase(R) enterprise content management (ECM) software suite, unveiled OnBase eMortgage Delivery module for correspondent lenders of Chase Home Finance. The module delivers loan documents electronically to Chase in its preferred image transfer format. Chase can now receive transferred loan documents and data from correspondent lenders to speed loan funding.

"High volume mortgage institutions want a rapidly deployable solution for the seamless transfer of loan files that allows them to realize the many benefits of eMortgage processing," said Jason King, director of Financial Services for Hyland Software. "The OnBase eMortgage Delivery module allows investors to receive electronic loan files faster, accelerating the loan purchasing and funding cycle, and saving days over traditional paper-based processing."

Electronic delivery can eliminate copying and overnight shipping costs of paper loan files, thus increasing productivity and bottom-line profitability, while advancing the industry's eMortgage standards.

OnBase provides instant and secure access to all loan documents, automates lending processes and ensures these processes are manageable and measurable. The open architecture of OnBase enables seamless integration with loan origination systems, third-party lending software and other applications (e.g., accounting, human resources, etc.) in order to leverage lenders' existing technology investments.

Hyland Software has also developed an OnBase eMortgage Delivery module for correspondent lenders of Countrywide.

Source: Hyland Software Inc.


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.