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StoneWater Selects MindBox Technology to Deliver Instant On-Line Product and Pricing Decisions
Proven technology, speed of implementation key advantage for new mortgage lender
MDA MindBox, Inc. (MindBox (R)), a leader in information solutions for automating complex business and decision processes, announces that StoneWater Mortgage, a new, national wholesale mortgage lender, has selected MindBox's ARTOptimize(TM) and Power Editor(TM) applications to manage its loan product and pricing processes. Integration of the MindBox applications into StoneWater's broker portal, called H2O Online, allows brokers to apply for mortgages on-line and receive loan approval decisions, qualifying conditions, 'best-fit' alternative loan suggestions instantly and automatically.
'We are especially gratified that StoneWater chose to work with us,' says Bill Richer, general manager of MDA MindBox. 'Their business model mandates a flexible, rules-driven system that will instantly respond to market conditions and competitive situations. StoneWater had stringent cost and timeline concerns and our proven technologies and the strength of our resources allowed us to complete the implementation in record time.'
'We did significant research in identifying the right partners to integrate into our new platform and MindBox was a true standout,' said Karl F.W. Young, president of StoneWater. 'We quickly became very comfortable with the MindBox team and were excited to have the opportunity to work with a vendor that has played such a dominant role in developing some of the industry's leading applications.'
StoneWater is also using the MindBox Power Editor to manage corporate-wide underwriting rules and pricing policies 'The Power Editor component gives StoneWater the ability to enter and maintain lending policies,' explains Richer. 'Business users can change the actual rules in the system without support from their IT department.'
For more information, visit HTTP://www.mindbox.com or call
(877) 650-MIND (6463).
(C)2008 MDA MindBox Inc. All rights reserved. MindBox is a registered trademark of MindBox. All other trademarks and company and product names are property of their respective owners.
About MDA MindBox, Inc.
MindBox (R) is an information solutions company focused on financial services organizations. MindBox provides solutions that leverage company and industry best practices in order to automate common lending practices such as underwriting, pricing, product best fit, deal structuring, debt reparation, and cross selling across multiple origination channels. The company's products and services have a proven track record of reducing cost and increasing revenue by automating knowledge-intensive business processes using sophisticated decisioning systems and award-winning rule and case-based reasoning software.
MindBox technology integrates internet interfaces and other client contact channels with back-end business operations into one streamlined, efficient system that provides individually-tailored, optimized customer interactions.
More information can be found by visiting HTTP:www.mindbox.com or by calling
(877) 650-MIND (6463).
About MDA
MDA provides advanced information solutions that capture and process vast amounts of data, produce essential information, and improve the decision- making and operational performance of business and government organizations worldwide.
Focused on markets and customers with strong repeat business potential, MDA delivers a broad spectrum of earth and space based information solutions, ranging from complex operational systems, to tailored information services, to electronic information products.
MDA employs more than 3,300 people in locations across the United States, the United Kingdom, and Canada. The Company's common shares trade on the Toronto Stock Exchange under the symbol TSX:MDA.
Related Web sites:
Http://www.mdacorporation.com
Http:www.mindbox.com
About StoneWater Mortgage
StoneWater Mortgage Corporation is a new, nationally-reaching mortgage banker built upon more than a decade of exceptional operating history with the management team of one of the nation's former top 15 lenders.
StoneWater will serve the mortgage community with H20nline (sm), a new, state-of-the-art technology platform built specifically for the new market environment with a commitment to exceptional customer service, rapid turn times, and cost and operational efficiencies.
StoneWater's national headquarters and operations center is located in Tucson, Arizona, and will support production offices in 34 major metropolitan areas by the third quarter of 2009.
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