May 3, 2005 - Marlborough Stirling Canada (MSC), a leading provider of business solutions to the financial services sector, is pleased to announce that ResMor Trust has agreed to a 5 year contract for the technology provider’s hosted mortgage origination and servicing solutions, Omiga and Optimus.
Marlborough Stirling’s mortgage services support multi-channel mortgage origination and application processing, underwriting, fulfillment and funding, as well as the ongoing administration of mortgages through to final payout.
Through Omiga, ResMor staff can underwrite, fulfill and fund mortgages through one efficient system capable of performing automated approvals, with case tracking and task management functions that will streamline the way that deals are originated, decisioned and funded. After funding, deals will be seamlessly transferred onto Optimus for ongoing administration throughout the life of the loan.
Martin Drevjany, MSC Vice President, Sales, Mortgage Services, comments: "ResMor Trust has become a market leader by implementing innovative customer service focused initiatives. MSC is delighted to have been chosen to support ResMor’s growth with our Omiga and Optimus mortgage solutions, which will further enhance efficiency and productivity, once again translating into better, faster and more efficient customer service."
James Clayton, ResMor Trust President and CEO, adds: "With the rapid growth of ResMor’s mortgage business, we felt it was imperative that we implemented a reliable and cost-effective technology infrastructure that can support our increasing volumes both today and in the future. Marlborough Stirling’s hosted services provide access to industry leading technology that will allow us to realize new efficiencies in the way we originate and administer our mortgage business."MSC President and CEO Bill Pitkin summarizes the impact of this agreement: "Working with a forward-thinking company such as ResMor Trust allows us to further demonstrate the capabilities of Omiga and Optimus to the Canadian financial services community as a hosted portal service, and again confirms the market’s acceptance of our business strategy. We are pleased to have been selected as a partner in ResMor’s growth across Canada."
For more information contact:
Vice President, Sales, Mortgage Services
Marlborough Stirling Canada
ResMor Trust Company (www.resmor.com) is a federally licensed trust company operating across Canada focused on residential mortgage lending, mortgage servicing and deposit products. It currently has $2.1 billion of mortgages under administration representing almost 12,000 homeowners. ResMor originates all of its products through the brokerage community.