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Specialized Data Systems Offers Hosted Access to Full-Feature Loan Origination and Processing Software in the Northeast

Specialized Data Systems Offers Hosted Access to Full-Feature Loan Origination and Processing Software in the Northeast

BRANFORD, CT, April 30, 2009 – Specialized Data Systems (SDS), a leading lending technology integrator, today announced the availability of the RemoteLender™ ON-DEMAND Loan Origination System, a private-labeled version of Associated Software Consultants’ Hosted PowerLender® Solution that is specifically tailored to meet the needs of Northeast lenders. RemoteLender delivers the full flexibility and power of a client/server-based LOS through a secure Internet portal. Offered on a subscription basis, this solution reduces implementation cost-barriers, making it ideal for lenders of all sizes.

Lenders can access this business-rules-based system with a PC or laptop and an Internet connection. Once logged in, they can access a rich feature set and their loan records with much greater functionality than a Web-based LOS. RemoteLender includes all of the tools necessary to perform the steps involved in mortgage and consumer lending, from prequalification to post-closing.

With numerous Northeast-specific forms and third-party interfaces already established in RemoteLender, implementation time is minimal. SDS brings expansive knowledge of Northeast lender operations and technology needs to help further expedite RemoteLender set-up. This enables lenders in that region to quickly deploy the exact solution to meet their specific mortgage and consumer lending needs.

“Specialized Data Systems is pleased to expand our business partnership with ASC by offering RemoteLender in the Northeast,” said Marc Riccio, SDS President. “This cost-effective, yet comprehensive LOS provides the advanced functionally Northeast lenders need without requiring a tremendous upfront financial investment or internal IT resources.”

Tim Liston, President of ASC, is also pleased with the joint venture between the two companies. “We welcome SDS as a value-added partner and look forward to supporting the company in anyway necessary to meet the needs of its RemoteLender clients,” said Liston.

About ASC
Associated Software Consultants, Inc. (ASC) designs and markets loan automation and secondary marketing software for use by mortgage banks, commercial banks, community banks and credit unions. ASC’s business strategy focuses on providing software and support services that enable lenders to improve the volume and quality of their business, streamline workflow and reduce costs. The company’s lending solutions enhance primary and secondary mortgage operations, improve overall profitability and better serve borrowers and other constituents.

For additional information about ASC, visit the company’s Web site at www.asconline.com.

About Specialized Data Systems
Specialized Data Systems provides dependable, cost-effective lending and business continuity solutions to the financial industry. The company’s software and services help clients to improve their lending performance and safeguard their business operations.

Specialized Data Systems partners with industry-leading software and other companies to offer best-in-class technologies to its clients.

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