Wednesday, January 24, 2007

Sollen Technologies - Products

This is kind of like what Ascent Home Loans has for its system for brokers.

Sollen Technologies - Products: "Sollen Suite
Our comprehensive package of products and services enable a lender to fully automate the process of managing and communicating its loan product portfolio and pricing models. These innovative business tools pass product and pricing information from the back-office to the point-of-sale and back, allowing complete two-way communication between the lock desk and loan originators.

By utilizing Lender Online, Sollen's benchmark product, the lender is able to present fully adjusted products and rates to the originator. From there the originator has the capability of selecting a product and requesting a lock online. The lock request is then communicated back to the lender for acceptance. This enables the lender to present its entire portfolio of products with the most profitable pricing available to the originator all in a real-time, automated manner.

The pricing automation model enables lenders to automatically aggregate their investors' pricing through our web-based best-execution technology. The resulting rates can then be utlized by our RateSheet Generator to build a fully customized rate sheet. The rate sheets can then be distributed electronically via e-mail to originators at a fraction of the cost.

Adding Sollen’s Best Execution product, Market Pro-Fit, to your set of mortgage tools, gives the lock desk easy-to-use tools to maximize the profitability of every loan. "

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