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
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
For more information, visit www.mindbox.com or www.stonewatermortgage.com.