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Commerce Velocity releases update to Home Affordable Modification Program
Sollen Technologies adds regional banks to support its client baseMortgagePress.comSollen Technologies, Sollen Technologies, an Internet-based, LenderOnline, Michel Van Hee
Sollen Technologies, an Internet-based application services
provider of product, pricing and best execution capabilities for
the mortgage industry, has added seven new investors to its
LenderOnline system. The addition of these regional banks will
ensure a broad mix of products available to Sollen clients and
their borrowers.
"By working directly with our customers to offer a complete list
of products for their loan officers, Sollen is helping them remain
competitive in their individual markets," said Ada Salas,
guidelines manager for Sollen Technologies. "Additionally, we are
increasing the loan volumes of the smaller community banks and
improving customer efficiency."
Sollen is working closely with customers to deliver the broadest
array of investors available. Many community banks have shown
fiscal health and financial stability during the current economic
crisis. Due to the dwindling number of loan products and tightening
of credit markets, Sollen received feedback from clients to help
better serve their needs. The decision to add smaller regional
banks increased the availability of loan products offered to
borrowers. Sollen is committed to working with its customers to
promote growth and help sustain them in a down market.
"We view our clients as partners, and we have the same goals to
make them as efficient and profitable as possible," said Michel Van
Hee, CEO of Sollen Technologies. "It is in our own best interest to
deliver a variety of products to our customers in an effort to
increase loan production."
Sollen has based its platform on enhanced technology and
unsurpassed customer service. Adding smaller, more financially
stable institutions to their investor list will serve as a catalyst
to increase business opportunities and encourage client
participation in future offerings.
For more information, visit www.sollen.com.
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