ATLANTA, Aug. 19, 2005 (PRIMEZONE) -- Mortgage lenders can compress the time required to close a loan and reduce processing costs as a result of a partnership between Harland Financial Solutions, Inc. and Entyre, a leading provider of document management solutions. Harland Financial Solutions is a wholly owned subsidiary of John H. Harland Company (NYSE:JH).
Using Web-services integration between Entyre's system and Harland Financial Solutions' INTERLINQ(r) E3 loan production platform, lenders can expedite closings by enabling originators to generate compliant closing packages for investor loan programs. Entyre uses compliant GreatDocs documents, also from Harland Financial Solutions, adding value through investor management expertise and a collaborative Web-based platform that reduces the need for rework.
One INTERLINQ E3 lender using Entyre's eMortgage X4 system is Primary Capital Mortgage in Atlanta, a Southeastern lender that closed $1 billion in mortgages in 2004.
"To help Primary Capital continue to expand across states, we knew we needed to maximize the efficiency of our compliance and document delivery process," said George Phelps, president of Primary Capital Mortgage. "Now, we don't miss a beat if we're closing a new type of loan in a new state."
The combination of INTERLINQ E3 and the Entyre system has already helped Primary Capital improve both efficiency and loan quality. "Last month, we closed 520 loans with three closers," Phelps said. "We had zero post-closing issues with those packages."
With planned round-trip integration between the two systems, Phelps added, "Primary Capital will soon be able to offer brokers the ability to draw up their own documents."
Another lender using INTERLINQ E3 that has licensed Entyre's eMortgage X4 system is Eagle Home Mortgage in Kirkland, Washington.
"Mortgage lenders using INTERLINQ E3 can choose to close some or all of their loan programs through Entyre's document management system," said Joe Filoseta, vice president of industry and product strategy for Harland Financial Solutions' Mortgage Solutions Group. "The result is worry-free investor compliance, better quality loans, fewer errors and better customer service at the closing table."
The INTERLINQ E3 Web-based loan production platform provides critical business process management, integration and connectivity across the mortgage supply chain, enabling lenders to integrate service providers into their business process. As of August 1, 2005, more than 225 mortgage lenders have installed the INTERLINQ E3 system.
Harland Financial Solutions acquired the GreatDocs electronic document business in mid-2004. The Entyre partnership enables INTERLINQ E3 customers to use GreatDocs documents in-house or through the Entyre system.
About Entyre
Since 1987, Entyre (www.entyre.com) has prepared loan-closing documents for brokers, bankers and correspondent lenders and investors nationwide and has created technology solutions to streamline the mortgage process. Entyre's enterprise-class eMortgage-X4 technology offers mortgage lenders a robust data and document management and delivery software platform. Built as a Web service in .NET, X4 allows for intelligent rules setting, numerous levels and layers of compliance checking/testing and a means for highly efficient electronic collaboration and communication between and among the numerous stakeholders in the mortgage origination/closing process. The technology is completely Web-based and is accessible to users from any computer with a browser and Internet connection.
About Harland Financial Solutions
Harland Financial Solutions (www.harlandfinancialsolutions.com) supplies software and services to over 6,000 financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. Harland Financial Solutions delivers core systems, item processing, payment processing, electronic document management, financial accounting systems, electronic documents, deposit & loan origination, customer relationship management, compliance training, branch automation, check & MICR printing, mortgage lending and solutions consulting.
About Harland
Atlanta-based John H. Harland Company (NYSE:JH) (www.harland.net) is listed on the New York Stock Exchange under the symbol "JH." Harland is a leading provider of software and printed products to the financial institution market. Harland's software solutions include, deposit & loan origination, platform, teller, call-center, mortgage, business intelligence, core systems, and customer relationship management systems. Harland's printed products offerings include checks, direct marketing and financial forms. Scantron Corporation (www.scantron.com), a wholly owned subsidiary, is a leading provider of software services and systems for the collection, management and interpretation of data to the financial, commercial and educational markets.
This press release contains statements, which may constitute "forward-looking statements." These statements include statements regarding the intent, belief or current expectations of John H. Harland Company and members of its respective management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Reference is made to the Risk Factors and Cautionary Statements in Harland's Form 10-K and Form 10-Q filed under the Securities Exchange Act.