Sollen Technologies, an Internet-based application services provider of product, pricing and best execution capabilities for the mortgage industry, has entered into an alliance relationship with Harland Financial Solutions.
Through the agreement, Sollen's pricing engine will integrate with Harland Financial Solutions' Web-based Interlinq E3 loan production platform, providing users with an added tool to ensure the quality of loan originations, the companies state. The alliance allows loan originators using Interlinq E3 to find a product and price that meets the needs of their borrower within seconds.
Through the use of XML and Web services, Sollen's pricing engine and Harland Financial Solutions' Interlinq E3 can easily exchange data over the Internet in real time. Sollen's services for determining eligible loan products and their corresponding fully adjusted pricing are integrated into the Interlinq E3 workflow. According to the companies, this process enables loan originators to spend time learning about the needs of the borrower rather than sifting through hundreds of pages of loan product guidelines and matrices.
Subsequently, as more information is discovered about the borrower, the eligibility and pricing can be verified to ensure that the loan product or pricing is still a proper fit.
Sources: Sollen Technologies, Harland Financial Solutions