-- Leading Content and Document Production Technology Accelerate Loan
Origination --
ST. CLOUD, Minn., March 29 /PRNewswire/ -- VMP(R) Mortgage Solutions,
Inc., a Bankers Systems, Inc. company, today announced that Secured Funding
Corporation has chosen VMP as its document solution provider. Secured Funding
is integrating VMP's compliance content and its RAKIS(R) Document Control and
Production System into Secured Funding's loan origination process. VMP's
solutions will provide Secured Funding with significant timesaving benefits,
as well as compliant document content.
VMP Mortgage Solutions and Bankers Systems are part of the Wolters Kluwer
Corporate & Financial Services division. VMP's RAKIS Document Control and
Production System expedites the creation, packaging, and printing of mortgage
lending documents through centralized document selection logic. RAKIS takes
advantage of client/server architecture, ODBC, XML, and ActiveX(R) technology
to retrieve data from multiple sources on a network and incorporate it into
complete and printable document packages.
"VMP's RAKIS system is the solution we have been looking for to help us
assemble document packages easier and faster," Richard Triplett, CMB, vice
president and chief compliance officer at Secured Funding, said. "We also
chose VMP Mortgage Solutions as our document solution provider for the clear
benefits provided by using up-to-date, compliant content."
A flexible system capable of leveraging legacy systems, RAKIS outputs VMP
documents formatted to the open data standards created by the Mortgage
Industry Standards Maintenance Organization (MISMO) and a variety of other
file formats, such as Portable Document Format (PDF) and Printer Control
Language (PCL).
"VMP's compliance content and RAKIS system will help Secured Funding
streamline its documentation process and build upon its thriving lending
business," John Bryant, senior vice president of banking for Bankers Systems
and Wolters Kluwer Financial Services, said. "The integration of these tools
is another example of how VMP Mortgage Solutions meets the needs of the
industry and helps mortgage lenders increase efficiencies and grow their
business."
About Secured Funding Corporation
Secured Funding Corp. ( http://www.securedfunding.com ) is a future-
focused mortgage banker committed to leading the home equity revolution in
America. Having nearly doubled its volume since 2003 to fund approximately
$85 million in HELOC and home equity loans each month, Secured Funding remains
positioned as the home equity specialist over recent years of market
fluctuation by constantly improving speed, efficiency, and the overall
customer experience. Placing an emphasis on innovation and emerging
technology, the company has developed RiLOS and SelectQual, an advanced loan
operating system and automated underwriting engine. Together these
technologies reduce funding time by weeks. As a leader of home equity loans,
Secured Funding has grown to serve a market often overlooked by traditional
firms, thus providing lending value and strengthening connections between
customers, brokers, and investors. The company's operations are centralized by
technology through its state-of-the-art headquarters in Costa Mesa,
California. Secured Funding was founded in 1993 and today has over 600
employees and operates in 35 states.
About VMP Mortgage Solutions, Inc.
VMP Mortgage Solutions, Inc., a Bankers Systems, Inc. company, has been
providing the mortgage lending industry and government agencies with leading-
edge technology and forms solutions for more than 35 years.
Bankers Systems and VMP Mortgage Solutions are part of Wolters Kluwer's
Corporate & Financial Services division. Wolters Kluwer is a leading
multinational publisher and information services company. The company's core
markets are spread across the health, corporate services, finance, tax,
accounting, law, regulatory, and education sectors. Wolters Kluwer has annual
revenues (2004) of (euro)3.3 billion, employs approximately 18,400 people
worldwide, and maintains operations across Europe, North America, and Asia
Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its
depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and
are included in the AEX and Euronext 100 indices.
For more information about VMP Mortgage Solutions, visit the company's web
site at http://www.vmpmtg.com or call 800.521.7291.
Bankers Systems Inc. is a registered trademark of Bankers Systems, Inc.
VMP and RAKIS are registered trademarks of VMP Mortgage Solutions, Inc.
All other trademarks are the property of their respective owners.
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