Services help users choose right loan origination system.
Press Release Summary:
Discovery-180 assists lending organizations with identifying and charting specific metrics for their Loan Origination System and vendor selection process. Deployment-270 helps lenders implement LOS and ensure it is fully integrated with all other systems. Evolution-360 LOS system enables lending organizations to bring new products to market and comes with integration services that support every aspect of mortgage, consumer, equity, and commercial lending.
Original Press Release:
Prymak Introduces Three New Loan Origination, Integration Solutions for Mortgage, Commercial and Consumer Lending
GREENSBORO, N.C., Oct. 4 / -- Prymak, LLC (http://www.prymak.com/), a member of the FirstPoint Family of Resources, today announces the commercial launch and availability of three breakthrough solutions for the lending industry: Discovery-180(TM), Deployment-270(TM) and Evolution-360(TM). Together, the Prymak services and technology suite helps lenders overcome two of the biggest challenges their companies face: how to choose the right loan origination system (LOS) to meet their unique needs and how to successfully deploy it without risking costly workflow disruptions.
Discovery-180 is a simple but powerful tool that assists lending organizations looking for a new LOS with identifying and charting specific metrics for their LOS and the vendor selection process. Deployment-270 is a service to help lenders implement their new LOS and ensure it is fully integrated with all of their other systems. Evolution-360 is a powerful LOS system comprised of a flexible toolkit that enables lending organizations to bring new products to market faster and better than any other loan origination system. The product comes complete with integration services that support every aspect of mortgage, consumer, equity and commercial lending.
"Loan origination systems help organizations make better, more profitable and competitive decisions, but the underlying selection and deployment process has to be rock-solid to ensure they purchase and deploy the right solution," said Peter Fugaro, Managing Director of Prymak. "Industry studies have shown that lending organizations change LOS systems every five years on average, and keep using the same selection process. Using one or more of our services throughout the evolution of the project, lenders can, for the first time, craft a logical, systematic and proven strategy that avoids the costly delays and disruptions that are so often a part of rolling out a new LOS."
For Provident Bank, the second largest independent commercial bank headquartered in Maryland, everything funnels through Prymak's Evolution-360 solution. "It's a very adaptable system," said Juan Negrin, vice president with responsibility for application development related to consumer lending. "We can make decisions and add products quickly and effortlessly. It's a product that allows you to do a great deal with a very small staff. And with the toolkit, you really don't need a programmer. We're writing more loans than ever before."
All three of Prymak's solutions - Discovery-180, Deployment-270, and Evolution-360 are commercially available. Company executives will be on-hand at the Mortgage Bankers Association 92nd Annual Convention & Expo, held October 23-26, 2005 at the Walt Disney World Swan and Dolphin in Orlando, FL; and, Prymak will also showcase its services and technology suite at the National Technology in Mortgage Banking Conference & Expo, held March 29 through April 1, 2006 at the San Diego Conference Center in San Diego, CA.
About Prymak
Prymak, a member of the FirstPoint Family of Resources, has pioneered a suite of rock-solid technology solutions comprised of Discovery-180, Deployment-270 and Evolution-360. Headquartered in Greensboro, NC, Prymak works with the nation's best financial services professionals -- including Provident Bank, Wachovia Mortgage Corporation, Washington Mutual/Long Beach Mortgage, WestWorks Mortgage, and Wolverine Bank -- helping them drive loan origination performance to top-notch levels. The Prymak team has received numerous awards for delivering exemplary service to its customers, and Mortgage Technology recently selected the company as one of the 'Top 10 Rising Tech Stars of 2005.' For more information, visit www.prymak.com/ or call 1.877.977.9625.
CONTACT: Pam Selker Rak of Prymak, LLC, +1-412-221-4550, or pam.rak@mktgcommunications.com
