Microsoft .NET Technology Centers to drive Mortgage Application Modernization Service
Press Release Archive - January 2007

Visionet Systems Launches Three Microsoft .NET Technology Centers To Drive Mortgage Application Modernization Service Offering

- New centers designed to increase operational efficiency for lenders, servicers -

CRANBURY, N.J., Jan. 29, 2007 – Visionet Systems has opened three technology centers to leverage its global expertise in delivering the Microsoft development platform to its mortgage lending and servicing clients. The centers are located in Cranbury, N.J., Bangalore and Lahore.

The centers were opened in response Visionet’s client’s growing need for application reengineering and retiring of legacy systems. These clients have achieved above market performance in a declining volume market by adapting to quickly changing market dynamics.

No business benefits more from a network-centric platform with built in security and scalability than the mortgage industry. A typical lender and servicer manage at least fifty service providers on a transaction level. .NET based platforms enable quicker and faster deployment of SOA based applications to lower integration and management costs while reducing the mortgage processing time.

Visionet's proprietary WorkVision® methodology combined with deep and proven mortgage expertise and global delivery capability provides outstanding economic value while shrinking the project completion time. The centers are designed to accelerate Visionet's capabilities in mastering the next generation application delivery model.

“Visionet is dedicated to delivering mortgage-specific technology solutions that enable our clients to increase productivity while also reducing costs,” said Arshad Masood, president of Visionet Systems. “In opening our new Microsoft .NET technology centers, Visionet is demonstrating a commitment not only to client satisfaction, but also to offering our clients the very latest technology available to increase overall operational efficiency."

About Visionet Systems

Cranbury, N.J.-based Visionet Systems is a full service mortgage consulting and business process outsourcing company that delivers products in the best-of-breed philosophy. Using a combination of consulting, metrics-based technology solutions and business process outsourcing, Visionet Systems helps lenders identify and remove inefficient processes to improve profitability. Founded in 1995, the company’s customers include mortgage lenders and servicers. 

For more information, visit www.visionetsystems.com

Visionet Systems Inc.
www.visionetsystems.com
3 Cedarbrook Drive
Cranbury, NJ 08512
Phone 609.452.0700
Fax 609.655.5232
mortgage@visionetsystems.com

Contact:

Arshad Masood
Visionet Systems Inc.
609-452-0700 Ext. 1119
arshad@visionetsystems.com

Joy Harper
Visionet Systems Public Relations
(678) 799-8118