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Commerce Velocity releases update to Home Affordable Modification Program

National Mortgage Professional
Mar 16, 2009

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.
Published
Mar 16, 2009
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