Mortgage and Real Estate Professionals Boast, LoanMarq Stimulates Sales Growth

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 24, 2009 -- The collapse of the sub-prime mortgage market and the nationwide slowdown in home sales have forced real estate related businesses to become innovative in finding new ways to increase profitability. Mortgage and Real Estate Professionals now must focus efforts on increasing revenue streams by garnering a larger percentage of marketshare. Mortgage Solutions of Knoxville and Slyman Real Estate solved this dilemma with the addition of LoanMarq software from Sthenia Solutions.

LoanMarq is a complete loan processing and customer service application for the mortgage and real estate industries that enables collaboration among all participants in a mortgage loan transaction in a simple web-based community. LoanMarq streamlines the real estate and mortgage transaction by automating the loan process entirely. For the consumer and associated industry professionals, LoanMarq efficiently communicates with all parties as the mortgage automatically moves through origination, processing, underwriting, and closing, while providing increased transparency and accountability.

Mortgage Solutions President, Marvin Peek, immediately saw the potential for how LoanMarq could increase customer service, revenue streams, and referral sources by tracking 70 milestones and up to 31 documents required for a typical transaction and to keep all participants – borrowers, agents, loan officers, underwriters, insurers, appraisers and more – updated on the status. “It wasn’t a hard sale,” said Peek. “Five minutes into the presentation I stopped them and said ‘I’m sold.’ I’m a stickler for keeping people updated and we had nothing like this. It was out of this world.”

In a real world test of LoanMarq, Mortgage Solutions used LoanMarq on a loan that needed to close in a matter of days -- a severe challenge for any mortgage operation. “In a case like that everything has to happen perfectly,” said Peek. And with LoanMarq, it did. The software enabled Peek to easily track all of the required documents, milestones and events to successfully close the loan in less than a week. All the while, automatically communicating with all parties involved.

“It’s like getting into a Ferrari,” said Peek. “It quickly gets me to realtors, buyers and sellers. It reaches everybody. It’s an unbelievable product.”

About Sthenia

Sthenia means “Unusually Powerful”, thus Sthenia Solutions is an unusually powerful software development firm making their clients more efficient and most profitable through streamlined processes and cutting edge software solutions. Their line of products drives industry to a new level of seamless operation. Sthenia is delivering innovative Web 2.0 service-oriented collaboration, workflow, productivity and process management tools. Sthenia was founded in 2008 and is headquartered in Knoxville, Tenn. For more information, visit www.sthenia.com or www.loanmarq.com.


To review LoanMarq software, please contact Scott Kline, scottk@jprcom.com or 818.884.8282.

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