February 17, 2006 — Marlborough Stirling Canada, a leading provider of mortgage origination and administration technology services to the Canadian financial services industry, today announced that MonsterMortgage.ca, one of Ontario’s most recognizable and innovative mortgage brokerage firms, has selected MorWEB as its exclusive mortgage origination and application processing solution.
MorWEB is Marlborough Stirling Canada’s web-based residential mortgage origination technology, designed to streamline communication and origination processes between mortgage brokers, lenders and mortgage sales agents.
MorWEB electronically connects mortgage brokers to lenders, credit bureaus and other third-party providers to the mortgage industry. With new web-based features such as electronic proposals and two-way messaging, brokers can receive underwriter decisions and commitment letters online, and in real-time. From approval to subject removal date, both lenders and brokers can track individual conditions without the need of fax machines and paper; anytime, anywhere via the web.
"With the current environment of changing technology in the mortgage broker marketplace we felt it was in the best interest of our business to review the system alternatives available. After thoroughly evaluating each system we chose MorWEB, as it was by far the most compatible for our company," said Don Bayer, President of MonsterMortgage.ca.
Vince Gaetano, Vice President of MonsterMortgage.ca adds: "In addition to MorWEB’s functionality and ease of use, we are impressed by the service and support that Marlborough Stirling Canada provides. Their willingness to listen to our ideas for system enhancements and react in a very reasonable timeframe has been refreshing. We are pleased to have Marlborough Stirling Canada as our service provider."
Since its launch in 2005, MorWEB has steadily gained momentum as increasing numbers of mortgage professionals embrace the competition and discover the efficiencies that MorWEB provides. "Having MonsterMortgage.ca come on board is a significant step in the growth of MorWEB," said Dave Nichol, Director, MorWEB Sales. "Their unique strategy of direct marketing to consumers is a winning formula that positions them in the forefront of the industry. We are excited with their decision and thankful for their support."
MonsterMortgage.ca is a privately held Canadian mortgage corporation that specializes in single family mortgage origination. MonsterMortgage.ca has developed a unique approach to the marketplace by focusing on consumer education and awareness.
In 2001, MonsterMortgage.ca and CHUM television developed a program, "Hot Property" which has defined the standard for mortgage advice by giving consumers the tools to understand and negotiate their financing terms and conditions.
Adding hockey icon Doug Gilmour to the ownership team in 2004 further enhanced the visibility of this mortgage origination channel. These two approaches have enabled MonsterMortgage.ca to capture a significant market share in a relatively short period of time.
In addition to mortgage financing, MonsterMortgage.ca offers a wide range of financial services, including vehicle leasing, insurance products and credit card services. Website: www.monstermortgage.ca
Vice President, MonsterMortgage.ca
Marlborough Stirling Canada’s focus is on mortgage origination and administration, offering a complete range of hosted and licensed software implementations capable of achieving seamless straight through processing of mortgage business from initial customer inquiry to final loan discharge.
Marlborough Stirling Canada is a wholly-owned subsidiary of Vertex Financial Services (www.vertex.co.uk). Vertex is an international business process outsourcer based in Manchester, UK, with particular expertise in customer management. Vertex develops and implements a range of service solutions including transformational outsourcing, combining its skills in consulting, technology and outsourced service provision to stimulate and facilitate business change and flexibility.
Vertex is part of United Utilities plc, a FTSE 100 company, and works in partnership with clients in the commercial, financial services, utility and public sectors, as well as the North American utility sector, to deliver operational and customer service excellence. Vertex has 9,000 employees based in 69 locations across the UK, Canada, the USA, Switzerland, Liechtenstein and India.
David P. Nichol
Regional Director, Prairies
Regional Director, BC
Vice President, ASP Accounts