Toronto, ON, Canada – February 10, 2012: Strategic Information Technology Ltd. ("SIT") is pleased to announce that Marathon Mortgage Corporation has chosen Portfolio Plus for the administration of loans, loan syndication, and mortgage broker agent management.
"Our market research and our three decades in the mortgage business led us to choose SIT’s Portfolio Plus banking software to administrate our new loan business," said Harold Kennedy, President and CEO of Marathon Mortgage. "It has the features we want today with plenty of room for growth. In addition, SIT's unique onboarding process, which they refer to as an Implementation Strategy Workshop, will allow us to commence business in short order."
"Harold Kennedy has a solid reputation in the mortgage business and we are proud to be doing business with Marathon Mortgage under his leadership,” said G. Robert Leeming. “SIT will strive to do everything we can to help Marathon Mortgage Corporation be successful."
Marathon Mortgage Corporation's goal is to become one of the most reliable residential and commercial mortgage lenders in Canada, providing competitive mortgage products, competitive mortgage interest rates, competitive mortgage terms and reliable service through quick turnaround service to its borrowers and broker partners. Marathon Mortgage Corporation will underwrite prime-insured and conventional residential and commercial mortgages that will be sold to mortgage investors, such as banks or trust companies, co-operatives, securities firms and insurance companies. Marathon Mortgage Corporation expects to retain the majority of servicing for these mortgages.
SIT, formed in 1988, develops and markets Portfolio Plus which is used by customers like RBC, CIBC, TD, ING Bank of Canada, PC Bank, Canadian Tire, and Manulife. Portfolio Plus offers a unique Plug-In BankingTM architecture and a Financial Services BusTM that extends Portfolio Plus functionality to other corporate applications. SIT's banking software enables credit unions, banks, trust companies and building societies to offer web banking, loans, loan securitization, investments, term deposits, wealth management, retail, ATM/POS switch interfaces for debit cards, leasing, and credit bureau interfaces. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.
SIT can be reached at (http://www.stratinfotech.com) or by phone at 905-640-0808.
Portfolio Plus, Plug-In Banking and Financial Services Bus are trademarks or registered trademarks of SIT in the U.S., Canada and other countries. Any other trademarks or service marks contained herein are the property of their respective owners.
For more information:
Strategic Information Technology
Telephone: 905-640-0808 x356
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This page was created or refreshed on October 20, 2017 @ 14:54:50
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
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