MorSystems Offers More Technology to Brokers and Loan Agents

MorSystems is engaged in selling its state-of-the-art downloadable borrower application software - Borroware®, plus superior interactive web sites and internet loan transactional services to mortgage brokers and other loan originators throughout the country.

(PRWEB) March 5, 2004 -- The market MorSystems serves with unwavering focus is the mortgage broker community, which is an enormous market -- 2002 loan volume exceeded 2.5 Trillion dollars, and 2003 final numbers appear to be close to 3 Trillion dollars. MorSystems provides mortgage brokers with Institutional quality web sites, its own patent pending Borroware® client loan application software, and marketing experience offered from its founders 23 years in the loan origination business.

Independent brokers dominate mortgage origination , and face-to-face client interaction remains, and is likely to remain absolutely critical. All of our products are designed specifically to enhance the broker/client experience with technology and style" states Whitworth. MorSystems goal is to provide mortgage brokers with high quality products previously unavailable to brokers. Many providers are doing a spectacular job in providing the processing systems and the pass through of the loan, but very little has been done to bundle high quality/low cost products and technology to assist the broker in competing with the ever growing e-lenders, institutional lenders, and retail mortgage banks.

MorSystems enables mortgage brokers with smaller businesses to customize the look and feel of their web site system so that each customers site looks unique to the potential borrower. The Premium broker web sites offer their customers Borroware® that is branded to each individual loan agent, real-time interest rates, mortgage calculators, proprietary pre-approval plus an on-line loan application. Borroware® is loan application software that can be downloaded from each brokers web site for the 95-98% of borrowers who still refuse to complete a mortgage application on-line. By utilizing the Borroware® software download, the brokers customer feels most secure, completing their loan application safely OFFLINE. The software and customer data are securely branded to each specific loan originator and Brokerage Company, compelling the customer to complete the transaction with that company. MorSystems competitors offer nothing like Borroware®, they have yet to understand the majority of consumers who fear the use of online mortgage applications.

All MorSystems services are customized for local identity and control, and offer an array of standardized tools designed to make life easier for borrowers and the mortgage professionals who service them.

In a nut shell, MorSystems unique web sites plus Borroware® provide the security, flexibility, and convenience that borrowers want and the efficiency that mortgage originators need. To quote a recent new customer, I spent at least 50 hours researching companies like, Meyers.com, Ellie Mae, loanpage.com and others...They Have Nothing on You." (William Parraga, President of Diversified Financial Mortgage) A full explanation and multi-media guided FLASH tour of the Borroware® application process for MorSystems is available at: http://www.MorSystems.com.

Richard Whitworth, CEO for the past 22 years of Nations MortgageBanc. Whitworth states that, Borroware® is modernizing the loan application process by adding additional safety to a more flexible process. MorSystems competitors have little to zero years experience in the mortgage brokerage industry and therefore cannot truly understand what mortgage brokers and their clients need, and they do not offer the quality and technological advances furnished through MorSystems."

We charge loan originators initial web site and software customization fees ranging from $100 to $695, plus subscription rates ranging from $39 to $199 per month. Our total fees are typically less than half of the competitors while offering superior quality websites and the one of a kind Borroware® software to mortgage originators. Our companion software systems will be priced in a similarly aggressive manner.

MorSystems positions itself as the Premier mortgage broker website and software provider and is finding success in selling its products nationwide. MorSystems maintains US Registered Trademarks and Patents Pending for its products.