Contour Signs Bundled Software Agreement with Tuttle
March 21, 2000, CAMPBELL, Calif.
The alliance with Tuttle Decision Systems, which has been acquired by Home Advisor Technologies Inc., is an important step as it adds a full-function pre-qualification product to one of the industry's leading loan processing solutions. Contour is distributing the upgraded software free to current users. The next release of The Loan Handler, version 5.0, will include Loan Officer Plus fully integrated.
"The quality and depth of the Loan Officer Plus product is a perfect match for The Loan Handler," said Scott Cooley, president of Contour, a wholly owned subsidiary of The First American Financial Corporation (NYSE:FAF). "While some of the competition provide elementary pre-qualification options within their processing systems, this is the first full-featured processing system to integrate a pre-qualification program. Further, LOP is far superior to any existing pre-qualification options from our competitors. This is a combining of the industries best two systems into one."
"We are very excited to begin this relationship with Contour," said Tim Newberry, chief operating officer at Tuttle Decision Systems. "This partnership allows us to more effectively deliver Loan Officer Plus to the broker community across the country, helping them improve their productivity, efficiency and client service."
Primary features of LOP include automated contact management, borrower pre-qualification, loan comparisons, access to current loan programs/pricing and a product selection engine. The integrated system is currently being used by 7,500 loan officers at companies such as FT Mortgage, McCue Mortgage and Greenwich Mortgage.
"We'd like to congratulate Tuttle in becoming a part of Home Advisor Technologies, Inc.," Cooley said. "We look forward to working with Tuttle and its parent company in bringing brilliant new solutions to the mortgage industry."
About First American Financial The First American Financial Corporation, based in Santa Ana, Calif., is the nation's leading provider of business information and related products and services. The corporation's three primary business segments include: title insurance and services; real estate information and services, which includes mortgage information services and database information 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 www.firstam.com.
About Contour Software, Inc. Founded in 1982, Contour Software offers practical solutions for the mortgage loan finance industry. The company's flagship product, The Mortgage Banking Series, 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 originators, credit unions, commercial banks and savings institutions. A direct, wholly owned subsidiary of The First American Financial Corporation, Contour has 130 employees and 45 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 or www.processloan.com. User contacts and case studies are available upon request. About Tuttle Decision Systems, Inc.
Tuttle Decision Systems Inc. provides integrated products and services to the mortgage banking industry. Founded in 1983 as Tuttle & Co., Tuttle Decision Systems Inc. is a premier provider of electronic mortgage pricing and pipeline risk management services. The company provided hedging services for over $110 billion in mortgage loans in 1999. More information on Tuttle can be found at www.tuttle.com.