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FOR IMMEDIATE RELEASE Superior Mortgage Corp. Purchases ASCs ...

Source: www.asconline.com
Topic: Mortgage Marketing

Sort Desciption: Mortgage loan provider chooses secondary marketing program to boost profitability -. MIDDLEBURG HEIGHTS Ohio May 1 2005 Associated Software ...

Content Inside: 300 West Wieuca Road Building One Suite 300 Atlanta Georgia 30342 www.williammills.com 678-781-7200 FAX 678-781-7239 FOR IMMEDIATE RELEASE CONTACT: Chuck Meyers Etienne Pourtout Media contact for ASC Media contact for ASC (678) 781-7204 (678) 781-7223 chuck@williammills.com etienne@williammills.com Superior Mortgage Corp. Purchases ASCs PowerSeller - Mortgage loan provider chooses secondary marketing program to boost profitability - MIDDLEBURG HEIGHTS Ohio May 1 2005 Associated Software Consultants Inc. (ASC) a provider of loan automation software to the mortgage industry announced today that Superior Mortgage Corp. (Tuckerton N.J.) a residential mortgage lending company has purchased PowerSeller ASCs secondary marketing and risk management software. Superior Mortgage selected PowerSeller to enable its secondary marketing team to more effectively boost the companys profitability. The integration of the software was completed in late 2004 and the system is now fully operational. We selected ASCs PowerSeller to run best executions reports automatically reducing the time it takes to get the best price for mortgage-backed securities and maximizing our return on each loan said Joseph Scheuren senior vice president of Secondary Marketing at Superior Mortgage. Since implementation we are able to leverage PowerSellers data management capabilities to increase the basis points we get per loan by approximately 15 to 20 points. PowerSeller enables secondary marketing teams to manage risk more effectively using fallout analysis trade management features and best execution and delivery pooling capabilities. With PowerSeller Superior Mortgage has tools for successful pricing pipeline data management builder and master commitment processing pooling trade processing shipping document tracking ad hoc reporting and SFAS 133/138 reporting which demonstrates hedging effectiveness in accordance with generally accepted accounting standards. PowerSeller was designed for ...

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