Wednesday February 2, 8:30 am Eastern Time
Company Press ReleaseSOURCE:
ARC Systems Inc.
ARC Systems and Contour Software Enter Into a Technical Alliance; Companies to Integrate ARC Systems' AU Technology With Contour's Internet Site
AUSTIN, Texas and CAMPBELL, Calif., Feb. 2 /PRNewswire/ -- ARC Systems
Inc. and Contour Software, Inc. announced a technical alliance through which
the companies will work together to integrate ARC Systems' automated
underwriting technology with Contour's Internet site.
ARC Systems provides
lending institutions with decision power for better business practices, giving
lenders the ability to provide answers at the point-of-sale.
Contour is a
Silicon Valley-based provider of mortgage loan software systems for the
financial industry and a direct, wholly owned subsidiary of First American
Contour offers The Loan Handler(TM) to its member brokers on the company's
Users will be able to submit applications for automated
underwriting directly from Contour's Web-site and receive point-of-sale
decisions through ARC Systems' credit decisioning technology from
``Brokers who use Contour's The Loan Handler to originate mortgages now
have the power to provide underwriting decisions at the point-of-sale,'' said
ARC Systems' President Ed Jones.
``Because Contour and ARC Systems are both
application service providers (ASPs) offering solutions via the Internet, this
partnership opens up both companies' product offerings to an even larger
community, allowing more brokers to benefit from the power of the Internet.''
Scott Cooley, president of Contour Software said, ``We welcome ARC Systems
to the ContourAble partnership.
We believe the use of automated underwriting
systems across the Internet will increase, and our partnership is proof of
this industry trend.
It's important that we give our customers the easiest
and most reliable solutions in today's e-commerce world. This alliance further
demonstrates our dedication to our customers.''
About Contour Software
Founded in 1982, Contour Software offers practical solutions for the
mortgage loan finance industry.
The company's flagship product, The Mortgage
Banker Series(TM), is a complete line of software products for every facet of
mortgage lending, from qualification to servicing. With a customer base of
40,000 active seat licenses, Contour Software is a technology leader with the
most complete line of software products and the most electronic commerce
connections in the industry. Customers include mortgage bankers, mortgage
brokers, credit unions, commercial banks and savings institutions.
wholly owned subsidiary of The First American Financial Corporation, Contour
has more than 130 employees and 40 additional sales representatives located
across the United States.
For more information, contact Scott Cooley, president, Contour Software
Inc., 700 West Hamilton, Campbell, CA 95008-0403, call 800-CONTOUR (800-266-
8687) or visit www.contoursoft.com, www.mtgloan.com, www.lenderdirectory.com
User contacts and case studies are available upon
About First American
The First American Financial Corp., based in Santa Ana, Calif., is the
nation's leading provider of business information and related products and
The corporation's three primary business segments include: title
insurance; real estate information and services, which includes mortgage
origination, mortgage servicing and database products and services; and
consumer information and services, which provides home warranties; automotive,
subprime and direct-to-consumer credit reporting; property and casualty
insurance; property and automotive insurance tracking services; resident
screening; pre-employment screening; lender-placed flood and hazard insurance;
investment advisory; and trust and banking services.
Information about the
company and an archive of its press releases can be found on the Internet at
About ARC Systems
Founded in 1984 as Advanced Resource Computer Systems, ARC Systems is a
privately held company that provides lending institutions, banks and credit
unions across the nation with the power to make fast, accurate and consistent
decisions at the point-of-sale for risk-based pricing and credit evaluation.
Empowering financial institutions with the ability to make better business
decisions, the company's proprietary, patent-pending, rules-based system is
used by more than 80 lending operations nationwide, including Aames Financial
Corp., First Franklin Financial, Option One and Irwin Mortgage.
For more information about ARC Systems, contact Mary Tipps at (512) 892-
5550, via email at firstname.lastname@example.org, or write the company at 5316 Highway
290 West, Suite 500, Austin, TX 78735.
The company's Web site can be viewed