Open Solutions and Lowenstein and Associates, P.C. announced that the companies have expanded their reseller agreement. The partnership began in 1994.
Since 1986, Lowenstein and Associates has been designing software solutions to automate and control the lending process.
The new agreement gives Open Solutions the ability to resell the Lowenstein Loan Grader product along with the existing middleware/interface product LenderLink. Simply put, Loan Grader is the data engine that drives internal control over loan review, including FASB 114, FASB 5 and FASB 157 compliance, by reviewing 100 percent of an institution's loans against a comprehensive set of objective and consistent review criteria.
LenderLink processes data from an institution's third-party products, such as loan origination software, and seamlessly interacts with Open Solutions' products for uploading loans and performing core system inquiries.
"Our relationship was built on trust, delivery of best-of-breed solutions, integrity and hard work - all to ensure that client needs are always met," said Don Lowenstein, president and founder of Lowenstein and Associates. "Our mission statement is that we will always provide dynamic software tools and exemplary customer support to improve our client's bottom line."
"We are pleased to expand our reseller agreement with Lowenstein and Associates," said Bob Wilson, Open Solutions vice president of strategic alliances. "We believe in partnering with 'best-of-breed' companies that enable our clients to do more. We share a similar philosophy of providing cutting-edge technology as well as uncompromised client support. Adding their suite of accounting products will give our clients the opportunity to maximize their bottom line."