Affordable Internet-Based Product Aids Mortgage Brokers in Managing Affiliates

Mortgage brokers can now use the power of the web to more efficiently manage their affiliates, at a surprisingly affordable cost.

(PRWEB) March 14, 2005 -- The solution is known as PowerCore and it provides mortgage brokers and their affiliates with sophisticated software without the expense and hassle usually associated with automation. Instead of purchasing and maintaining expensive networks, mortgage brokers (parent branches") and their affiliates (net branches") access programs and data over the Internet using a network belonging to an application service provider" (ASP). Instead of a large up-front cost, there is a monthly fee based on the number of loans processed.

Hosted software is the perfect solution for net branches because of its flexibility and low start-up cost," says Justin Kirsch, President and CEO of Access Business Technologies, an application service provider specializing in the mortgage industry. All your branches need are PCs with Internet connections."

The center of ABTs hosted software system is PowerCore, a web-based application that combines your existing loan origination software and ABTs loan tracking software in a single easy-to-use screen. As soon as loan officers or loan processors enter loan applications, the information is saved to a central database and the information is immediately available to management at the parent branch.

Managers at the parent branch can see the entire pipeline at any time, plus they can view information by branch, by loan officer, by processor, or by lender. The information is always up-to-date and can be accessed from any computer with an Internet connection. Yet, information is secure because it is stored at ABTs national data center, where experienced information technology professionals take care of everything from data encryption to backups.

Adding new branches is fast and easy, a real advantage for growing mortgage brokers. And the cost can be split between the parent branch and the net branches, reducing the overhead for the parent branch.

Banks and credit unions across the country have switched from traditional systems to hosted software with great success, and ABT predicts that more mortgage brokers will follow suit. We see mortgage brokers and their net branches as the next big expansion in hosted mortgage software," says Kirsch. Advanced technology that used to be practical only for large financial institutions is now available for everyone."

Interested parties can obtain more information about PowerCore from the ABT website at www.The-Mortgage-Experts.com

About ABT
Access Business Technologies hosts industry-standard mortgage processing software over the Internet, enabling banks, credit unions, mortgage servicers, mortgage brokers, and housing authorities to automate the entire mortgage lending process. For additional information, contact Tim Rost at 888-636-5426, or e-mail info@myabt.com. Visit ABTs website at www.The-Mortgage-Experts.com

###