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Suzy Tuck |
Neil Garnichaud |
Lender's customers empowered to manage all loan documents online
Hasbrouck Heights, New Jersey, October 24, 2005 - PaperClip Incorporated, a leading developer of integrated document management and loan processing solutions and PCLender.com, a provider of front-to-back-end mortgage technology solutions, announced today that PCLender is integrating PaperClip's VirtualLoanFolder to offer its customers online document management and electronic delivery capabilities.
"We saw a need in the industry for electronic delivery and file management," states Timothy Buskirk, senior vice president of customer operations at PCLender. "Most mortgage companies have to maintain, manage, sort, and file too much paper, making the loan process a cumbersome one. The addition of PaperClip's ASP-based VirtualLoanFolder to our ASP-based loan origination solution, exponentially increases the power of our platform for our customers."
By the end of the year, PCLender's customers will be able to access all the tools they need to manage their electronic loan documents within PCLender's web-based loan origination system. PaperClip's VirtualLoanFolder ASP-based imaging and document management solution will be seamlessly integrated to PCLender, offering users the tools to operate without paper through the PCLender interface. Customers will be able to easily drag and drop electronic documents into electronic loan folders, input them into the system via scanning, receive them as an electronic fax, or save them into their hosted virtual loan folder.
Whether pre-qualifying, originating, approving, closing, tracking, settling, or reporting mortgages, PCLender customers are empowered to benefit from PaperClip's centralized access to documents, e-mails, faxes, electronic documents, and scanned images. With centralized access control, authorized parties are empowered to view, modify and manage loan information and loan documents through any Internet connection.
"Choosing a partner to add imaging and document management capabilities to PCLender was not an easy task," asserts Buskirk. "PCLender evaluated numerous alternatives before reaching a decision. "We wanted to make sure to provide our customers with easy-to-use technology at an excellent price. We evaluated providers based on their flexibility, feature set, compatibility with our LOS, storage price, and price per imaged page. We are very happy with our decision to partner with PaperClip Incorporated."
"We are pleased to have been selected as the document imaging and management solution of choice by this industry leader," says Mike Bridges, president of PaperClip Incorporated. "The addition of PaperClip Incorporated to PCLender dramatically simplifies the processing of paperless loans. Furthermore, PCLender's customers may now electronically submit loan documents to participating lenders or investors through Internet eXpress, our electronic document delivery service. This empowers PCLender's customers with all the tools they need to process loans without paper."
About PaperClip Incorporated.
PaperClip Incorporated develops and markets software products that organize, manage and communicate documents, images and workflow for a wide range of users. Established in 1991, PaperClip has a customer base that includes small and mid-size organizations as well as Fortune 1000 multi-nationals. PaperClip markets its products through an international network of authorized PaperClip resellers. For further information, please contact PaperClip at (800) 9293503 or (201) 329-6300, or visit www.PaperClip.com. Public Symbol: PCLP.
About PCLender.com
Founded in 1999, PCLender.com Inc. provides hosted software and services to the mortgage banking community. PCLender is focused on delivering low maintenance, industry-compliant software solutions to banks, credit unions, and mortgage companies. PCLender empowers lenders to profitably deliver the lowest possible loan rates to consumers by integrating all of the major technology components through the Internet. This streamlines business processes for mortgage lending organizations through cost effective and easy-to-implement tools that provide immediate ROI. For more information about PCLender, visit www.pclender.com or call 877-536-6886.
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PaperClip and PaperClip32 are registered trademarks of PaperClip Incorporated. All other named products mentioned in this release may have been identified by trademarks or registered trademarks of their respective holder.