ZyLAB, an innovative developer of Information Access Solutions, today announced that Fed Funding Mortgage Company (FFMC), a leading provider of non-bank mortgage originations in the mid-Atlantic region, is currently using ZyIMAGE to address the data storage and management issues for its client records. ZyIMAGE supports FFMC with a comprehensive XML-based platform to archive, search, and retrieve client files in any format -- digitized paper, electronic files, multimedia, as well as e- mail and attachments.

FFMC processes up to 50 loans per day with each loan consisting of 250-450 pages. In addition, because of the growing concerns about data security, FFMC keeps copies of every single item. Between the original loans and copies, massive amounts of information are produced, thus raising significant management and storage issues. Further, FFMC must adhere to compliance requirements for being able to rapidly locate information as well as protect data when it is being shared and stored.

Prior to implementing ZyIMAGE, FFMC kept much of this information in storage at an off-site facility. If information was needed, FFMC would request it by box number, and although they could obtain the information within 24 hours, this was an inefficient and expensive way to operate. ZyLAB was brought in to modernize the entire process of managing and protecting this important and confidential information. FFMC's ZyIMAGE solution was up and running within just one week. Today, rather than having to manage boxes of paper, all of FFMC's data is located within ZyIMAGE and information can be found in near real time.

"Any financial or mortgage company that is committed to rapid growth needs more efficient and secure ways to handle large volumes of case files," said Dr. Johannes Scholtes, president of ZyLAB North America LLC. "With the implementation of ZyIMAGE, FFMC is saving money on storage, making copies of case files, as well as man hours managing and locating information. The ROI is almost immediate within a financial organization that must manage large volumes of information on a day-to-day basis."

About Fed Funding Mortgage Corporation

Fed Funding Mortgage Corporation (FFMC) is one of the leading providers of non-bank mortgage origination in Maryland, Washington, DC, Virginia and West Virginia. Since its inception in 1993, FFMC has grown from one office of four brokers to two offices, over 50 staff lender/broker.

With over 50 Fortune 500 investors, Fed Funding has access to an array of loan programs to suit virtually every customer's need. FFMC maximizes its customers buying power by offering programs ranging from conforming to jumbo to FHA and VA, as well as a wide variety of adjustable rate mortgages. In addition, FFMC also offers 30-180 day lock periods with available float down options. For more information visit: http://www.ffmcorp.com/info/about.rad

About ZyLAB

With over 7,500 installations worldwide and over 350,000 users, ZyLAB has a wide breadth of experience and knowledge across a variety of different industries and business applications. Our clients include such US Government organizations as the FBI, Department of Homeland Security, Department of the Treasury, Department of Justice, SEC, Department of Agriculture, Department of Commerce, IRS, Nuclear Regulatory Commission, Department of Labor, State Department, Amtrak's OIG, Office of Personnel Management, Department of Defense and all branches of the US military, as well as such well-known companies as Anheuser-Busch, Dow Automotive, and Pacific Life Insurance Company. The company is headquartered in Vienna, Virginia, and has offices in the United Kingdom, Germany, Spain, France, the Netherlands, Singapore and Australia to provide local service to its global client base. For more information visit http://www.zylab.com.

CONTACT: Evan Weisel, +1-703-628-5754, for ZyLAB.

Source: prnewswire