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Harland Financial Solutions Introduces New Version of LaserPro Mortgage Software

Wednesday, February 07, 2001

Press release from the issuing company

ATLANTA (February 7, 2001) - Harland Financial Solutions, the financial software division of John H. Harland Company (NYSE: JH), recently introduced version 2.8.5 of its LaserPro Mortgage enterprise origination solution. LaserPro Mortgage is recognized in the industry for its event-driven workflow processes. These processes allow financial institutions to configure the system for their specific needs. On-screen work queues provide staff and administrators instant access to information on applications in process, in addition to workflow review and control. The new version of the software contains added functionality, incorporating calculation and document changes required to address the recently announced FHA Homebuyer Savings Plan. The plan mandated a one-third reduction in up front mortgage insurance premiums, as well as eliminated annual premiums after a homeowner had built 22 percent equity in the property. The 2.8.5 version also includes all the latest document revisions to meet Fannie Mae, Freddie Mac, FHA, VA and state legal requirements. "Lenders have grown in size and complexity over the past few years, creating the need for more robust solutions that may be adapted to multiple business channels and scalable across the enterprise," said Bob Mazza, general manager of Harland Financial Solutions' Mortgage Services business. "The new version of LaserPro enables lenders to remain competitive and improve service for their customers, while insuring warranted compliance with recent federal regulatory changes." To date, version 2.8.5 of LaserPro Mortgage has been successfully deployed in all existing client sites. For more information on version 2.8.5 of LaserPro Mortgage and the $1 million compliance warranty, please note the website (www.harland.net) under financial solutions for mortgage lenders.




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