November 9, 2006 — Bill Pitkin, President & CEO, Marlborough Stirling Canada (MSC) and Andrew Moor, President & CEO, Invis Inc. are pleased to announce that Invis and MSC have reached an agreement to offer Invis Mortgage Consultants the MorWEB mortgage origination system commencing on September 30, 2007.
Andrew Moor comments: "Over the last few years Invis has grown to be the largest mortgage brokerage firm in Canada, when measured by mortgage volume, by being singularly focused on providing superior service to our customers, and by backing Invis Mortgage Consultants in this mission with comprehensive support. We believe the addition of the capabilities of MorWEB to the other proprietary systems that Invis has developed will enable us to significantly enhance the service we can offer our customers."
Bill Pitkin adds: "MorWEB will have been available to brokers in the marketplace for over three years by the time Invis is connected to the system. We believe that we have proven our commitment to the market and are delighted to bring an anchor client of the magnitude of Invis aboard. We look forward to a long and mutually beneficial relationship with Invis and in growing our respective businesses together."
Mr. Moor continues, "We have performed an in-depth technical and functional analysis of MorWEB and feel that the advantages it provides make it imperative that we offer this system to Invis Mortgage Consultants. We are providing this extended notice of system implementation to ensure that our lender partners have sufficient time to plan and allocate the resources to deal with the significant transaction volumes that we expect to deliver through the MorWEB system."
Stewart Eadie, Vice President, Lender Links, Marlborough Stirling Canada comments: "One of the bigger challenges in bringing MorWEB to market has been getting the full range of lenders that originate through mortgage brokers to accept electronic applications via MorWEB. We are pleased to report considerable progress in this area. This announcement will greatly benefit both our existing lenders and brokers, to whom we are grateful for being early adopters of MorWEB, and will continue to ensure that there is healthy competition in this marketplace, which can only be good for the mortgage brokerage industry as a whole."
Invis is Canada's largest mortgage brokerage firm, by mortgage origination volume, with a national team of over 700 mortgage consultants. Invis mortgage consultants provide unbiased financial analysis, mortgage sourcing, and mortgage advice for first-time home buyers, repeat buyers and clients refinancing their mortgages. For more information visit: www.invis.ca
President and CEO, Invis Inc.
Marlborough Stirling Canada (MSC) is a technology services provider to the Canadian mortgage industry. MSC offers a complete range of hosted and licensed software solutions capable of achieving seamless straight through processing of mortgage business from initial customer inquiry to final loan discharge. MSC's solutions include MorWEB (origination system for brokers and lender sales forces), Omiga (underwriting, fulfillment and funding), and Optimus (mortgage servicing).
|David P. Nichol
Director, MorWEB Sales
Director Eastern Canada, Broker Sales
Regional Director, BC
Regional Director, Prairies
Vice President, Lender Links