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iEmergent announces release of demographic segment lending forecasts

National Mortgage Professional
Jun 30, 2008

Byte Software announces new partner interface programMortgagePress.comByte Software, ByteLink, real estate settlement services, BytePro, MISMO Byte Software has announced the launch of ByteLink, a new partner interface program that facilitates the ordering of real estate settlement services from within BytePro, its flagship loan origination software. ByteLink enables providers of credit reports, title reports, flood determinations, appraisals and other services to embed their services directly within BytePro, making those services instantly available to tens of thousands of mortgage professionals. ByteLink uses standardized MISMO transactions to seamlessly communicate information from BytePro to the service provider. The interfaces allows for two-way communication so that the completed documents, such as appraisal reports, are accessible directly from within BytePro. ByteLink also allows for instant deployment of newly developed interfaces to the BytePro user base, eliminating the need for the end user to manually update their software. In addition to standardized credit, title, appraisal and flood interfaces, ByteLink offers a customizable interface solution that allows a variety of other partners, such as lenders, mortgage insurance companies, and product and pricing vendors, to develop seamless interfaces to BytePro. The customizable solution allows these service providers to define required fields, create custom fields, and import data and documents back into the BytePro loan application. In addition, it can automatically launch the service provider's Web site so that a transaction can be initiated from within BytePro and completed on the Internet. ByteLink includes marketing promotions of the partner's services to the Byte Software customer base. This marketing facilitates increases in transaction volume while decreasing new customer acquisition costs for the service provider. The program may include placing the partner's branding and logo within the BytePro application. "With the introduction of ByteLink, it is now easier than ever for service providers to create interfaces directly within BytePro," said Joe Herb, general manager of Byte Software. "We are especially pleased to offer the customizable interface option to partners who offer services that are not directly addressed by MISMO specifications. With the ability to create custom fields and import virtually any data back into the loan application, this option allows a variety of partners to quickly create powerful two-way interfaces to BytePro." As an alternative to ByteLink, Byte Software continues to license its BytePro Software Development Kit (SDK) to industry partners who wish to build their own custom interfaces to the BytePro application. The BytePro SDK allows direct access to the loan application data and is suitable for use by providers of software such as CRM software, servicing systems and core banking systems. For more information, visit www.bytesoftware.com.
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