ATLANTA, June 8, 2006 (PRIMEZONE) -- Harland Financial Solutions, Inc., a wholly owned subsidiary of John H. Harland Company (NYSE:JH), presented the Mortgage Bankers School of Puerto Rico with its INTERLINQ(r) E3(r) loan production platform software to support a new series of training sessions. The school, which is operated in association with the Mortgage Bankers Association (MBA) of Puerto Rico, trains 400-600 people each year in the fundamentals of mortgage banking.
"Mortgage lenders will need to know how to work within the INTERLINQ E3 system," said Gilberto Monzon, president of the Mortgage Bankers School and executive vice president of Popular Mortgage, Inc., one of the largest lenders on the island. "Nearly every lender in Puerto Rico runs its mortgage operations on technology from Harland Financial Solutions. Demand for INTERLINQ E3 expertise will grow as more lenders follow Popular Mortgage and migrate to the E3 enterprise mortgage lending solution."
"The customizable nature of the INTERLINQ E3 system lends itself well to use in Puerto Rico, where lenders have used INTERLINQ E3's features to reflect business practices unique to the island," said Joe Filoseta, executive vice president of Harland Financial Solutions' Mortgage Solutions Group. "We are honored to be in a position to support the MBA School's effort to offer INTERLINQ E3 software training and help students enhance their mortgage banking careers."
The MBA of Puerto Rico is the only state and local MBA to offer its own school. Founded in 1986, the school is licensed by the Department of Education of Puerto Rico and offers five levels of certifications to students completing its evening courses. Monzon says the top five lenders in Puerto Rico, which account for 70 percent of the annual origination volume, rely on the MBA School to train employees.
Eighty five lenders in Puerto Rico use Harland systems as their core mortgage lending platform. Harland's relationship with Puerto Rico's financial industry also extends to check printing where more than 85 percent of Puerto Rico's financial institutions use Harland's check-printing services.
About Harland Financial Solutions
Harland Financial Solutions (www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. Harland Financial Solutions is a leader in core systems, item processing, payment processing, enterprise content management, financial accounting systems, electronic documents, deposit & loan origination, customer relationship management, compliance training, branch automation, mortgage lending, and solution 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.