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| Out of the Box n n n n n n n n n n n |
| A MindBox Newsletter | Issue 10, November 2005 |
In This Issue
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This has been a great exciting year for the company. The company has attracted a number of new customers. Sales are brisk! Thanks to many of you who have agreed to provide references. We are in the process of launching a new product to add to the suite - The MindBox Loan Decisioning Platform. The Loan Decisioning Platform provides the various user interfaces and portals to manage the various stages of the loan origination decisioning process including the 1003 information, 1003 uploads, credit data management, loan officer or broker pipeline management, and numerous other functions. This allows us to provide a very flexible “face” to our decisioning engines. I want to express a special thanks to our customers. This year is a tremendous growth year for the company and it is your trust and loyalty that has made it possible. We take this responsibility very seriously. Thank you for allowing us to help you change the face of the mortgage lending industry. I hope you find this edition of Out of the Box informative. If you have any questions, please feel free to contact me. We are committed to your success. Feel free to call or write any time (rich.barfus@mindbox.com)! Thank you for your continued support. - Rich Barfus, CEO and President
Technology Update with Brian Sauk In late October, MindBox announced the Loan Decisioning Platform. We are very excited about this new product – it rounds out our product suite with a new layer of user interface functionality. The MindBox Loan Decisioning Platform, a complete framework of automated templates and components for deploying web-based loan origination portals for mortgage brokers and loan officers. It allows mortgage lenders to quickly implement a portal where brokers, account executives or loan officers can submit loan applications online and get instant loan underwriting, product selection, deal structuring and pricing decisions. The MindBox Loan Decisioning Platform is based on MindBox’s proven ARTEnterprise™ Product Family, which automates every decision step in the mortgage lending process using sophisticated decisioning technology. The Loan Decisioning Platform provides an interface to these state of the art decisioning products. It not only helps to manage the flow of decisioning throughout the loan origination process, but also allows the lender to adapt the interface to their own look and feel. Portal Customers Our decisioning platforms have already been successfully deployed in pioneering broker portals at ACT Mortgage Capital, Paul Financial and Ownit Mortgage Solutions:
MindBox® LLC announced in September that Saxon Capital, Inc. (“Saxon”) (NYSE: SAX), a residential mortgage lending and servicing real estate investment trust (REIT), has implemented a new automated loan underwriting and loan pricing system with MindBox’s ARTOptimize™ software. Saxon’s new rules-driven underwriting system, called i-Deals™, allows consumers to apply for mortgages online and receive loan approval decisions, qualifying conditions, ‘best-fit’ alternative loan suggestions and even reasons for loan denial – all instantly and automatically. MindBox has also been featured in several key articles in such publications as Mortgage Technology Magazine, National Mortgage News and Origination News. Our next edition of the newsletter will be sent out in May, 2006. If you know of others who would like to receive the newsletter, please have them email Paige Mazzoni at mazzoni@mindbox.com to be added to the distribution list. Here's a sneak peak of what's to come in the next edition:
If you have any questions or comments, please e-mail them to Paige Mazzoni at mazzoni@mindbox.com. |
