Equity National Selects GHR's LOS for Origination, Processing and Closing

Equity National Selects GHR's LOS for Origination, Processing and Closing

WAYNE, Pa., Feb. 9 /PRNewswire/ -- GHR Systems, Inc., one of the nation's leading providers of lending automation technology, announced today that Equity National Funding Group, Inc. has licensed GHR's Loan Origination Studio (LOS) for origination, processing, underwriting and closing with its integrated third-party services gateway, Loanportal.

Equity National, based in Carlsbad, California, will use GHR's web-based, end-to-end LOS solution for its retail and wholesale loan origination. GHR's LOS provides web-based loan automation technology and combines a single, central database with comprehensive origination, processing and closing capabilities in order to increase efficiencies and streamline loan fulfillment processes. Equity National will also use GHR's Loanportal system, a centralized web-based transaction gateway to order credit, insurance and other third-party services. GHR's Loanportal gateway currently connects to over twenty partners including credit vendors, title, document preparation, fraud detection and secondary market investor automated underwriting systems.

Equity National has also acquired GHR's LOS Workshop, which will enable the modification of application screens and workflow to accommodate any specific business process needs. LOS Workshop provides users with much greater control of the software and can be used by business analysts and other non-programmer staff with little training.

"We selected GHR because their technology offered us a flexible online LOS solution that is accessible via any Internet connection," said William Lawton, President of Equity National. "GHR's LOS system is cost effective because it meets our current needs right out-of-the-box, yet provides us with the ability to customize it without expensive software development. Since it is architected to scale and support a large number of users and high loan volume, it will support us as we continue to expand our business," added Lawton.

"GHR's web-based LOS and point-of-sale solutions will increase Equity National's efficiency and support the company's growth objectives," said Cy Brinn, CEO of GHR Systems. "Our Loanportal service will provide a direct web-based connection where the company's loan officers and brokers can order third-party services at the click of a button. We are pleased to work with Equity National and look forward to a long-term relationship where they can significantly reduce their origination costs," Brinn added.

About Equity National

Equity National Funding Group, Inc., a mortgage banker and broker, offers solutions for residential, commercial and construction financing needs. Serving all of California, Equity National earns its business from local real estate professionals as well as referrals from previous customers. Visit Equity National online at http://www.enfgroup.com/.

About GHR

GHR Systems, Inc. provides loan originating, processing and closing systems for the residential mortgage, consumer and small business lending industries. GHR's systems are used by large, mid-sized, and emerging lenders to better market, sell and close loans through all distribution channels, including wholesale, retail, consumer direct and correspondent. Fifteen of the Top 50 U.S. Mortgage lenders use GHR's systems. GHR is a Microsoft Gold Certified Software Development Partner and processes more than 14 million transactions annually. For more information, please visit http://www.ghrsystems.com/.

For media inquiries, contact Tricia Schafer-Petrecz at (484) 595-2125, write GHR Systems, 640 Lee Road, Wayne, PA 19087, or e-mail tricia_petrecz@ghrsystems.com.


Source: GHR Systems, Inc.

CONTACT: Tricia Schafer-Petrecz, GHR Systems, Inc., +1-484-595-2125,
tricia_petrecz@ghrsystems.com

Web site: http://www.enfgroup.com/

Web site: http://www.ghrsystems.com/


-------
Profile: intent