Commercial Mortgage Technology Offering
Press Release - October 2007
| Contact: Arshad Masood Phone: 609.452.0700 x1119 arshad@visionetsystems.com Cliff Johnson Visionet Systems Public Relations (609) 409-1063 x1116 clifford.johnson@visionetsystems.com |
FOR
IMMEDIATE RELEASE 9 AM EST October 14, 2007 |
Visionet Systems Launches Commercial Mortgage Technology Offering
-- All Visionet Offerings from Lead Management to REO Will Be Re-engineered over the next Eighteen Months for the Commercial Mortgage Market --
Cranbury, N.J., October 14, 2007 – Visionet Systems Inc. announces the general availability of the commercial lien release version of its VisiRelease product aptly named VisiRelease-C. VisiRelease, the leading residential mortgage lien release and assignment software, currently performs approximately 1.5 million releases a year. It is a state-of-the-art workflow and rules-based automated system. Visionet will offer an ASP version of this software for smaller volume customers. Users will also have the choice of completely outsourcing the commercial lien releases to Visionet. The commercial versions of Visionet’s two other products, VisiTrak (Document Management & Tracking) and VisiLoanReview (QA, QC, UW Review), are slated for general availability in the first quarter of 2008.
All of Visionet’s products are based on industry best practices and exception-based management. These products have been in use at residential mortgage clients for years, and the commercial versions of the above three products will help customers manage the on/offshore outsourced operations with enhanced visibility and control.
“Visionet is bringing state-of-the-art, innovative, and affordable technologies to meet the commercial mortgage industry needs. Our success in residential mortgage endeavors has afforded us the opportunity to open up new lines of revenue and continue our double digit growth thru 2010,” said Arshad Masood, president of Visionet Systems.
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
4B Cedar Brook Drive
Cranbury, NJ 08512
Phone 609.452.0700
Fax 609.655.5232
clifford.johnson@visionetsystems.com
Contact:
Arshad Masood
Visionet Systems Inc.
609-452-0700 Ext. 1119
arshad@visionetsystems.com
Cliff Johnson
Visionet Systems Public Relations
(609) 409-1063 x1116
clifford.johnson@visionetsystems.com
