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State HFAs eager to deploy new housing bill resources

Jul 30, 2008

StoneWater selects MindBox Technology to deliver instant online product and pricing decisionsMortgagePress.comStoneWater Mortgage, MindBox, ARTOptimize, Power Editor, H2O Online MDA MindBox Inc., a leader in information solutions for automating complex business and decision processes, announces that StoneWater Mortgage, a national wholesale mortgage lender, has selected MindBox's ARTOptimize and Power Editor applications to manage its loan product and pricing processes. Integration of the MindBox applications into StoneWater's broker portal, called H2O Online, allows brokers to apply for mortgages on-line and receive loan approval decisions, qualifying conditions, 'best-fit' alternative loan suggestions instantly and automatically. "We are especially gratified that StoneWater chose to work with us," says Bill Richer, general manager of MDA MindBox. "Their business model mandates a flexible, rules-driven system that will instantly respond to market conditions and competitive situations. StoneWater had stringent cost and timeline concerns and our proven technologies and the strength of our resources allowed us to complete the implementation in record time." "We did significant research in identifying the right partners to integrate into our new platform and MindBox was a true standout," said Karl F.W. Young, president of StoneWater. "We quickly became very comfortable with the MindBox team and were excited to have the opportunity to work with a vendor that has played such a dominant role in developing some of the industry's leading applications." StoneWater is also using the MindBox Power Editor to manage corporate-wide underwriting rules and pricing policies "The Power Editor component gives StoneWater the ability to enter and maintain lending policies," explains Richer. "Business users can change the actual rules in the system without support from their IT department." For more information, visit www.mindbox.com or www.stonewatermortgage.com.
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