Technology provider implements system cost-free, helping servicers boost portfolios, gain profitability
SOUTHFIELD, Mich., April 25, 2012 – McDonald Computer Corporation, a leading mortgage servicing technology provider, announced today that it now offers startup companies a free year of access to Web/T.I.M.E®, the company’s online, real-time servicing system as well as its Web-based borrower platform, myloaninfo® and related services.
Servicers will pay zero dollars during the first year, which includes installation, implementation, training and operational charges for up to 1,000 loans. McDonald Computer will also provide complementary onsite training at any office location. The company created this opportunity to help both established and start-up servicing organizations build their portfolios and revenue before incurring any computer servicing costs. At any point during the first year McDonald Computer will allow the customer to cancel the agreement. This gives customers a year to enhance their servicing revenue and keep their costs to a minimum while evaluating McDonald Computer’s system and services.
“The mortgage industry’s transforming environment and numerous regulatory changes continue to pose challenges for servicers,” said Jim McDonald, founder and president of McDonald Computer Corporation. “By offering our solution free of charge for an entire year, and allowing them to cancel anytime during that first year, we are alleviating the burden and cost of selecting and installing the technology they need to operate successfully in today’s market. This offer is a true testament to the confidence we have in our technology and customer support without making a long term commitment or any financial investment. Servicers can experience drastic results in their profitability and even eliminate the need for subservicers.”
McDonald Computer’s Web/T.I.M.E® solution was designed by mortgage bankers and allows users to service all aspects of a loan online in real-time through a secure SSH VPN connection, streamlining processes and maximizing productivity. McDonald Computer’s Web-based customer service application, Myloaninfo®, enables borrowers to easily view the current status of their loan in real-time, 24/7.
“Offering free service for a year is practically unheard of in any industry,” McDonald added, “and this opportunity will enable servicers to gain the functionality, cost savings and support for which McDonald Computer has been known for 37 years.”
About McDonald Computer Corporation
McDonald Computer Corporation, founded in 1976 and based in Southfield, Mich., is the oldest privately owned mortgage servicing software company. Web/T.I.M.E®, its flagship offering, is an automated servicing platform that allows servicers to access loan information online in real time through a secure SSH VPN connection, enabling them to service all loan aspects from any location, at any time. The company also hosts Myloaninfo®, a Web-based service allowing mortgagors to view their current loan information 24/7 real-time.
Sheryl Gudelsky Hayley Thrift