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Harland Financial Solutions and Mortgagebot Establish Strategic Alliance

27 April 2005

Harland Financial Solutions, Inc., a wholly owned subsidiary of John H. Harland Company (NYSE:JH), has partnered with Mortgagebot, a leading provider of Internet-based loan origination solutions, to strengthen their mutual customers' online mortgage lending businesses.

The two companies currently share more than 75 customers. Tight integration between the Mortgagebot PowerSite(r) online lending system and Harland Financial Solutions' INTERLINQ(r) E3 loan production platform will help mortgage lenders turn Web leads into loans faster and more efficiently.

"Just as Mortgagebot helps lenders develop their Web channel, our E3 platform helps lenders more efficiently process and close the loan," said Joe Filoseta, vice president of industry and product strategy for Harland Financial Solutions' Mortgage Solutions Group. "Integration between these two systems delivers speed, accuracy and value to our mutual customers."

The E3 Web-based loan production platform provides critical business process management, integration and connectivity across the mortgage supply chain, enabling lenders to integrate service providers into their business process. As of March 2005, more than 200 mortgage lenders have installed the E3 system.

"Nearly 20 percent of Mortgagebot customers use INTERLINQ loan production systems," said Scott Happ, president and CEO of Mortgagebot. "E3 clients now have tightly integrated access with our online lending system."

One mutual client is Umpqua Bank, headquartered in Portland, Oregon. Umpqua Bank provides mortgage-lending services along the West Coast, with 92 locations from Sacramento, California to Bellevue, Washington.

"INTERLINQ E3 enables us to integrate our online lending channel with our back office," says Becky Sutton, mortgage systems administrator at Umpqua Bank. "We expect to save approximately 30 minutes per loan bringing over data collected by our Mortgagebot system into our INTERLINQ E3 system."

"Because of the integration between the two systems, we're now ready to launch loan officer Web sites and ramp up online loan production," adds Danielle Wise, program manager in Umpqua Bank's mortgage department.

Other E3 customers that use Mortgagebot PowerSite include CUNA Credit Union in Madison, Wisconsin; Evergreen Moneysource in Bellevue, Washington; MidFirst Bank in Oklahoma City, Oklahoma; and Universal Lending Corporation in Denver, Colorado.

About Mortgagebot
Mortgagebot (www.mortgagebot.com) is the leading provider of Internet-based loan origination solutions for the mortgage lending industry. A pioneer in the fast-growing online mortgage-lending arena, Mortgagebot combines its mortgage banking experience with leading-edge technology to create robust, configurable and affordable Internet solutions for over 500 mortgage lenders nationwide. Mortgagebot PowerSite is a configurable and completely private-labeled Web-enablement solution that gives lenders the ability to fully leverage their brand and customer relationships. Mortgagebot provides its award-winning technology as an application service.

About Harland Financial Solutions
Harland Financial Solutions (http://www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. Harland Financial Solutions is a leader in deposit & loan origination, platform, teller, call-center, mortgage, business intelligence, core systems, check imaging, item processing, document management, customer relationship management and compliance training software.

About Harland
Atlanta-based John H. Harland Company (NYSE:JH) (http://www.harland.net) is listed on the New York Stock Exchange under the symbol "JH." Harland is a leading provider of software and printed products to the financial institution market. Harland's software solutions include, deposit & loan origination, platform, teller, call-center, mortgage, business intelligence, core systems and customer relationship management systems. Harland's printed products offerings include checks, direct marketing and financial forms. Scantron Corporation (http://www.scantron.com), a wholly owned subsidiary, is a leading provider of software services and systems for the collection, management and interpretation of data to the financial, commercial and educational markets.

Source: PrimeZone


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