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Clear Choice acquires BrokerLogix

18 July 2007  |  1629 views  |  0 Source: Clear Choice Financial

Clear Choice Financial, Inc. ("Clear Choice") (Pink Sheets: CLRC), today announced it has acquired BrokerLogix LLC.

Currently utilized by mortgage brokers and bankers, BrokerLogix provides a paperless loan origination and processing platform utilizing Web 2.0 technologies, allowing users to reduce closing times and costs while improving performance and customer satisfaction.

"BrokerLogix creates the technology foundation for the new Clear Choice", said Chad Mooney, Clear Choice's Chairman and CEO. "By having this market leading tool in our portfolio, we can focus on growing our business." Mr. Mooney added, "not only does BrokerLogix provide us a leading edge product and service to sell, more importantly, it also brings us a world class IT infrastructure that will enable us to develop and service new business opportunities in the future."

The BrokerLogix suite of products should deliver greater compliance, more granular control and increased cost savings to Clear Choice and its customers by combining all of the IT, imaging and telecommunications systems on a single platform taking advantage of the latest technologies, including e-faxing, VoIP and CRM components. Delivered entirely over the Web as a native .NET application, BrokerLogix is the culmination of more than 3 years of development and more than 2.5 million lines of code.

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