Sollen Technologies Enhances Loan Origination Pricing and Pipeline Management Tool

DALLAS--(BUSINESS WIRE)--Sollen Technologies, an Internet-based application services provider of product, pricing and best execution capabilities for the mortgage industry, announced product enhancements to Lender Online, a pricing and pipeline management tool. Updates include an easier to use, more powerful search that helps loan officers by returning a true best execution without requiring the loan officer to predetermine the loan type.

“Customer feedback, best practices and technical advances drive our product upgrades”

“When a loan officer is unsure about the category to search for a particular loan, the new True Best Ex function in Sollen allows them to select multiple categories. The pricing comes back in one grid, giving us the biggest selection of products and the absolute best price every time,” said Martha Whitmer, secondary marketing manager for Mesa, Ariz.-based Sun American Mortgage Company.

Lender Online is a Web-based solution that offers access to multi-channel, multi-lender data in an easy-to-use tool. Lender Online allows a loan originator to: verify a borrower's eligibility for products based on their specific needs, provide real-time fully adjusted pricing, manage prospects, register borrowers and submit lock requests. The product is able to search thousands of different loan products within seconds. Loan origination and back office systems can interface with Lender Online using XML standards.

“Customer feedback, best practices and technical advances drive our product upgrades,” said Michel Van Hee, CEO of Sollen Technologies. “We have given loan officers a smarter, more thorough search to find the true best execution.”

About Sollen Technologies

Based in Dallas, Sollen Technologies is an Internet-based application services provider of product, pricing and best execution capabilities for the mortgage industry. Sollen Technologies’ vision is to provide comprehensive products and services that bring measurable value to the retail, wholesale, and correspondent channels. The company’s innovative technology helps to enhance the relationship between originators and lenders enabling both to effectively compete in today's marketplace. For additional information about Sollen Technologies, visit the company’s Web site at http://www.sollen.com/.