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Irwin Home Equity Launched DecisionEase's POS System in Two Months
Tue, 09 Oct 2007, 15:31:00 EDT Edited by Debra Tone    Integrated system provides eligibility, underwriting, and compliance SAN FRANCISCO, Calif. - Oct. 9 (SEND2PRESS NEWSWIRE) -- LogicEase Solutions Inc., the maker of the industry-leading risk management application ComplianceEase(R), today announced that Irwin Home Equity, a subsidiary of Irwin Union Bank and Trust Company (Irwin), has deployed the DecisionEase(TM) POS Master(TM) portal in just eight weeks. The solution unifies Irwin's Correspondent Division loan product eligibility, conditional loan approval, and compliance workflows into a single point-of-sale application; enabling Irwin customers to run their loans through an underwriting engine as well as conduct a compliance check.  "In just a couple of months, LogicEase rolled out a DecisionEase POS customized with our high loan-to-value product set. Most importantly, the portal gives us competitive advantage by reducing our conditional loan approval response times from 24 hours to just minutes." said John Olano, Vice President, Irwin Home Equity Correspondent Division. "The rule engine gives our non-technical business users the ability to run loan scenarios easily while making it more efficient for Irwin to deploy new rule sets, allowing us to move new products to market more quickly."Through the POS Master, Irwin provides an e-commerce platform for their customers to submit loans for audits of product eligibility and regulatory compliance. The streamlined workflow reduces Irwin's overall processing time and origination costs while helping them purchase quality assets. "The fact that our hosted POS Master portal can be integrated into an existing loan origination process helps lenders to reduce their origination costs, making the solution very attractive in this tough market environment," said Nina Travinsky, vice president at LogicEase. "Our proven track record and commitment to implement solutions with client specifications and timeframes in mind, is why lenders like Irwin have chosen us since 2002," added Nina. About Irwin Home Equity Irwin Home Equity, through their parent Irwin Union Bank and Trust Company (Irwin), is a consumer lender that originates, purchases, sells, and services a variety of first mortgages, home equity lines of credit and home equity loans. Irwin provides brokers and correspondents with innovative high loan-to-value and over-equity products, as stand-alone or combination loans, to enhance client relationships. For more information about Irwin Home Equity, visit www.ihepartners.com. About LogicEase LogicEase Solutions Inc., headquartered in the San Francisco Bay Area, is a premier provider of business solutions to the financial services industry. Its web-based platform - ComplianceAnalyzer(R) is the mortgage industry's leading automated compliance solution. The system utilizes advanced reasoning and decisioning technologies as well as natural language processing to power beginning-to-end solutions in a fraction of the time and for a fraction of the cost of traditional approaches, while providing high levels of accuracy and integrity. ComplianceEase's significant and growing client base includes top tier mortgage lenders, banks, and Wall Street firms. Managed by a team of highly experienced and innovative mortgage professionals, the company is funded by the First American Corporation, the WI Harper Group, and the senior management team. For more information about LogicEase, visit www.ComplianceEase.com. Press Contact Alex Spivak ComplianceEase 1.650.373.1111 ext. 1211 a.spivak@complianceease(.com)
NEWS SOURCE: LogicEase Solutions Inc
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