SOURCE: MortgageTree Lending

November 30, 2006 08:05 ET

Branch Offices and Loan Originators of MortgageTree Lending to Benefit From Outsourced Processing Agreement Signed With eXpertivity Mortgage Solutions

MODESTO, CA -- (MARKET WIRE) -- November 30, 2006 -- MortgageTree Lending, a nationwide Net Branch Company and mortgage solutions provider, announced that it has opened the doors to eXpertivity Mortgage Solutions Corp., a leading national provider of mortgage loan processing services. "We are excited about the partnership we have forged with the team at eXpertivity. We have always said that at Mortgage Tree Lending 'We don't just close loans, We open doors,'" said Diana Grossmann, MortgageTree Lending's President. eXpertivity's processing and communication platform will be integrated with MortgageTree Lending's current infrastructure. Leveraging eXpertivity's highly experienced processing teams, compliance practices, and state-of-the-art technology, MortgageTree Lending expects to accelerate its current expansion plans.

The partnership is expected to significantly increase efficiencies for both organizations. "For the past ninety (90) days, we've been carefully analyzing eXpertivity's offering. One of MortgageTree Lending's top performing branches offered to be the first to utilize the services provided by the excellent team at eXpertivity. We were very pleased with the results and our branch experienced an increase in loan volume as a result. This allowed me to do what I do best, which is closing loans for happy customers," stated Irving Nobel, Branch Manager for MortgageTree Lending in Allentown, Pennsylvania.

Robert Draizen, MortgageTree Lending Chief Operating Officer, stated, "eXpertivity demonstrated professionalism at its best when it performed all elements of mortgage processing and post closing activities. We are confident that this relationship will allow our originators to focus on growing their business while outsourcing their processing to eXpertivity."

"Both MortgageTree Lending and eXpertivity share a vision that is dedicated to the constant innovation of systems and processes that allow us to serve our clients faster, more efficiently and establish value-based relationships beyond a single transaction," added Cheryl Reeves, MortgageTree Lending V.P. Underwriting Services.

With eXpertivity as their partner, MortgageTree Lending Branches will reduce costs associated with loan processing and provide higher levels of communications for all parties involved in the loan transaction. The integration will streamline the loan process by allowing loan originators, processors, partners and lenders instant access to level-appropriate information including underwriting findings, loan status, credit information, e-mail communication and appraisals via a secure on-line connection.

"We are enthusiastic about our relationship with MortgageTree Lending. During the past three months, we have worked closely with one of their premier branches. When dealing with the Branch and with MortgageTree Lending's corporate office, we found we were dealing with an experienced world class organization," said Ilan Nachmany, eXpertivity's President and CEO.

MortgageTree Lending, a nationwide Net Branch and mortgage solutions provider, has been serving its clients, their Branch Managers and Loan Originators, for over 17 years. MortgageTree Lending was founded on the principal that Loan Originators are the client the mortgage employees serve and that the responsibility to find innovative solutions rests on the shoulders of the corporate office. The company recently launched a new program and believes its origination volume will double in 2007, and eXpertivity will be key in achieving that goal.

eXpertivity began operations in early 2005 and has established itself as a leading expert in the field of mortgage processing. The combination of eXpertivity's processing and MortgageTree Lending's origination services promises a highly satisfying experience for MortgageTree lending's customers.

About MortgageTree Lending

MortgageTree Lending is a premier Net Branch and Loan Origination company that offers its clients, the Branch Managers and Loan Originators, the ability to utilize a fully integrated platform that incorporates the best origination and marketing strategies used by top performing individuals within the industry. In addition, efficiencies in processes, empowerment of branch employees to make local decisions give originators the ability to focus on opportunities rather than the obstacles that are constant in the Mortgage Industry. MortgageTree Lending recognizes how hard its loan originators work to establish a good solid relationship with the borrower so it provides after close marketing to ensure that the relationship never ends.

To learn more about the MortgageTree Lending advantages, please visit www.mortgagetreelending.com, call toll-free 800-795-4447 or e-mail dnash@mtlcorp.net.

About eXpertivity

eXpertivity provides scalable end-to-end Mortgage Processing service solutions to the mortgage industry. eXpertivity manages the entire process of converting mortgage applications into closed loans -- quickly, accurately, securely, and in full compliance. eXpertivity delivers technology-enabled Mortgage processing services which simply and easily help mortgage originators to take mortgages from application to closings. eXpertivity is privately held, with headquarters in Fairfield, New Jersey. For more information regarding eXpertivity, visit www.expertivity.net.

Contact Information

  • For more information contact:
    MortgageTree Lending
    Robert Draizen
    Chief Operating Officer
    Phone - 800-795-4447

    eXpertivity Mortgage Solutions Corp.
    Jim Crowe
    National Accounts Manager
    Phone - 973-244-1844