| Origination Announcement

Mortgage Origination Software

SIT Introduces a Revolutionary Mortgage Origination Expert System

Toronto, ON, Canada – October 29, 2012: Strategic Information Technology Limited (SIT) is pleased to announce the upcoming release of Portfolio Plus Originator, a product that revolutionizes the approach to mortgage origination with the support of an unlimited amount of mortgage partners and team members.

"Today's mortgage origination solutions are limited in their approach to mortgage partners and team management", said G. Robert Leeming. "So we took an approach that would allow us to connect with an unlimited number of partners and underwriting teams. This ensures our customers can work with virtually any partners in the industry and grow their teams as fast as they want. We aim to dramatically reduce the time and cost associated with completing the workflow necessary for mortgage origination."

Portfolio Plus Originator employs a web interface to ensure the solution can be deployed to any user with access to a web browser.

In 2011 SIT embarked on the development of several Portfolio Plus Expert systems to help financial institutions automate large scale processes. Portfolio Plus Originator is one of a number of these expert systems which includes Portfolio Plus Collector, to automate collections, Portfolio Plus Surveillant AML/ATF, to monitor and report on suspicious transactions, and Portfolio Plus Forecaster, to predict the cash flow of assets and liabilities.

Since 1988 Portfolio Plus has enabled banks, trust companies, virtual banks, credit unions, and other financial organizations to implement their own flavour of banking to capture the best possible market advantage.

About Strategic Information Technology Limited

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:
Adam Long
Strategic Information Technology
Telephone: 905-640-0808 x452
Email: adaml@stratinfotech.com


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This page was created or refreshed on October 15, 2018 @ 12:07:20
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
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