XL Dynamics Releases
Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features
2010 Commonwealth Games ~ 2010 Nobel Prizes ~ Sachin Tendulkar ~ Rajasthan Royals ~ Kings XI Punjab ~ Sushil Kumar ~ Deepika Kumari ~ Somdev Devvarman ~ HR Bhardwaj
Home / India News / 2007 / February / February 6, 2007
XL Dynamics Releases ReverseSoft® - A One Stop Platform for Reverse Mortgages

Top News

144 Section in Hyderabad ahead of Ayodhya verdict

Manmohan Singh to campaign in Bihar today

FBI failed to act on Headley's wife's terror link expose 3 yrs before Mumbai attacks

Craven's horror flicks 'were inspired by real stories'

RBI will intervene if inflows turn lumpy: Subbarao

Enforcement Directorate issues 'Look Out Circular' against Lalit Modi

Now, laser technology that destroys tumours using heat

Waist size, not BMI can foretell cardiovascular risk in children

XL Dynamics Releases ReverseSoft® - A One Stop Platform for Reverse Mortgages

Mumbai, Maharashtra, India

XL Dynamics, India, today announced the release of ReverseSoft® - an integrated web solution designed for managing Reverse Mortgage Loans. A Reverse Mortgage is a type of loan available to borrowers over the age of 62, as a way of converting their home equity into one or more cash payments while continuing to reside. Repayment of the loan is deferred until the borrower is no longer living in the home. The ReverseSoft® is a complete loan origination and servicing platform for the Mortgage Banks in the United States.

ReverseSoft® seamlessly integrates with the company's flagship product Mortgagesoft® OnLine (MOL). MOL automates the end-to-end processing cycle for the Forward Mortgages, and is being widely used by leading Mortgage Banks in the United States.

Speaking on the occasion, Alok Bansal, COO, XL Dynamics, said: "The launch of ReverseSoft® marks an important milestone in extending our Product Suite, and is a step forward in our endeavor to automate the Mortgage Industry in the US through cutting-edge web-enabled solutions. With the integration of ReverseSoft with MOL, we are able to bring the entire spectrum of Mortgage Products in the United States on one single platform."

Sun West Mortgage Company, Inc., a full service Mortgage Banker for over 26 years, has taken the lead in implementing ReverseSoft. " ReverseSoft offers a fully-automated and integrated solution that will help us scale up our product offerings on Reverse Mortgage Loans, such as the Home Equity Conversion Mortgage (HECM) and Home Keeper. With the implementation of ReverseSoft and its easy-to-use interface we can continue focusing our experience and attention to fulfill our customers' needs.", said Anita Agarwal, Vice President, Sun West Mortgage.

About XL Dynamics India Private Limited

XL Dynamics is an enterprise software company focused on developing and delivering cutting-edge solutions for the US Mortgage Industry. Founded in 2003, XL Dynamics has its R&D Labs and support centre in Mumbai with over 150 dedicated professionals. The company's Mortgagesoft® OnLine and ReverseSoft® suite of products are designed by domain experts with a collective experience of over 100 years.

Nishant Tiwari, XL Dynamics India Pvt. Ltd., + 91 (022) 2778 2818 nishant.tiwari@xldynamics.com

Source: XL Dynamics India Pvt. Ltd. (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

India News / Press Releases on February 6, 2007

Photograph India's First Windows Vista PC Unveils at Vu
Business Wire India

Textron Showcases Aviation and Aerospace Offerings at Aero India
Business Wire India

Emerging Economies Set to Give the World Economy its Biggest Boost Since the Industrial Revolution... - Dr. J.J. Irani Addresses CII CFO Summit 2007
Business Wire India

Frost & Sullivan to Host Life Sciences Valuation Workshop
Business Wire India

Growing Demand for Seafood Likely to Pressure Aquaculture into New Developments
Business Wire India

Cranes Software Announces the Release of NISA Version 15.0
Business Wire India

Wipro Technologies Delivers Integrated Work and Asset Management System for Northern Gas Networks in Record Time
Business Wire India

India Poised to Lead the Global Semiconductor Design Eco-System
Business Wire India

Kingfisher Airlines Reengineers Guest Processing Functions with Multi-Million Dollar Deal with Sabre Airline Solutions
Business Wire India

XL Dynamics Releases ReverseSoft® - A One Stop Platform for Reverse Mortgages
Business Wire India

Also see International News / Press Releases on February 6, 2007

Suggested pages for your additional reading
AndhraNews.net on Facebook

© 2000-2018 AndhraNews.net. All Rights Reserved and are of their respective owners.
Disclaimer, Terms of Service & Privacy Policy | Contact Us