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Interface combines QuestSoft's HMDA and CRA RELIEF with financial.center ®
from Harland Financial Solutions
LAGUNA HILLS, Calif., Jan. 19, 2006 - QuestSoft, a provider of Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA) compliance solutions and geocoding services , announced today the company is strengthening its alliance with Lake Mary, Fla.-based Harland Financial Solutions, a wholly owned subsidiary of John H. Harland Company (NYSE:JH) . The newest interface to be added to Harland Financial Solutions' suite of loan origination solutions integrates QuestSoft's HMDA RELIEF and CRA RELIEF software packages into financial.center ® , a Web-based loan origination software program.
This interface enables customers to seamlessly transfer data, automating the compliance process for regulations governing both the Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA). Users of financial.center can utilize the integrated platform to originate loans and manage borrower data more efficiently, while checking the compliance status of loans against the latest HMDA and CRA requirements. The interface also increases efficiency and profitability for mortgage lenders by decreasing the time needed to make and close loans.
“We formed our alliance with QuestSoft to offer financial.center customers a tool for simplifying their HMDA and CRA compliance processes,” said Bob DeLay, director, Lending Systems Product Development for Harland Financial Solutions. “This integration helps meet lenders' demands for an enhanced level of compliance, which enables staff to maintain their focus on boosting profitability.”
financial.center is a browser-based loan and deposit account origination suite. Its interface with QuestSoft allows users to instantly import names, property addresses, and up-to-date HMDA data. Users may create more than 30 graphically detailed analysis reports while automatically checking and correcting dozens of common HMDA errors. The integrated solution provides a faster reporting process, which could save users up to 90 percent of the time it takes to manually prepare HMDA reports.
“With this interface, Harland Financial Solutions' customers have full access to a variety of compliance tools without having to worry about additional entry errors or installation issues,” said Leonard Ryan, president of QuestSoft. “Combining financial.center with HMDA RELIEF and CRA RELIEF further streamlines the origination process – reducing errors and improving compliance.”
About Harland Financial Solutions
Harland Financial Solutions ( 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 core systems, item processing, payment processing, electronic document management, financial accounting systems, electronic documents, deposit & loan origination, customer relationship management, compliance training, branch automation, check & MICR printing, mortgage lending, and solution consulting.
About Harland
Atlanta-based John H. Harland Company (NYSE: JH) (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 (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.
About QuestSoft
Laguna Hills, Calif.-based QuestSoft is a compliance software development firm specializing in the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), flood determination and other settlement services to more than 1,500 banks, credit unions and mortgage companies nationwide. In addition, the company has received recognition for its many technological accomplishments.
For more information about QuestSoft and its products, visit the company's Web site at www.questsoft.com.
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