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News Area Archive
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Integration with ProLender Solutions Marks Company Milestone "QuestSoft's Instant Geocoder continues to dominate integrated solutions with more than seven times the vendor approved and supported direct integrations of any vendor in the financial lending industry," said Leonard Ryan, president of QuestSoft. "Additionally, the company has lenders using its software development kit to integrate Instant Geocoder directly into custom designed programs. Many companies fully integrate the Windows(R) API or XML products with less than two days of dedicated programming." This new interface allows users of ProLender Solutions to directly integrate with QuestSoft's Instant Geocoder(TM) from any ProLender workstation. Integrating the geocoding software directly into ProLender enables users to more efficiently confirm addresses, obtain demographics and guarantee procedures are compliant with the HMDA and Community Reinvestment Act (CRA). The process can be done within minutes, eliminating tedious retyping of information from appraisals. "Our interface with QuestSoft was a natural fit due to its incredibly easy integration and the company's reputation within the industry and clients, many of whom also work with ProLender," said Kevin Roczey, president of ProLender Solutions. "By integrating Instant Geocoder and HMDA RELIEF with ProLender, our clients have an automated and accurate solution for geocoding lending data and gathering HMDA information and reports." ProLender is a database of records for mortgage lenders. If HMDA data is missing or inaccurate in a ProLender file, a lender can simply click a button to check Instant Geocoder and HMDA RELIEF to collect the file. QuestSoft updates its address database every quarter, as opposed to U.S. government selections, which are updated once a year. These extra updates increase automated hit rates by capturing new addresses and postal zip code changes for assured compliance quality geocoding that will pass with any examiner. "Our partnership with ProLender started with HMDA RELIEF and has been expanded to include Instant Geocoder," said Ryan. "By using both technologies with ProLender, users of the software can rely on and expect to receive accurate, compliant information quickly and easily." ProLender users can also use Instant Geocoder to identify CRA loans that could increase profit margins 25 to 150 basis points per loan when sold to other financial institutions. The software can also aid in marketing and direct mailing strategies by identifying and tracking emerging market opportunities at application and assist in the identification of potential predatory lending patterns. About ProLender Solutions, Inc. ProLender Solutions, Inc., headquartered in San Diego, is a mortgage software company that provides high quality, low-cost software solutions to the residential lending marketplace. ProLender is focused on solving the core issues that plague the industry: data management, staff efficiency and seamless interfaces with other systems. For additional information about ProLender Solutions, Inc., please visit the company's Web site at www.prolender.com . 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. The company provides software design, compliance-quality geocoding and outsourcing services that are backed by 16 years of direct mortgage software and origination experience. For more information about QuestSoft and its products, visit the company's Web site at www.questsoft.com . . |
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