Metavante adds document imaging to LOS and POS systems

Source: Metavante

Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced that document imaging technology is now available as a module with its Loan Origination System (LOS) and Point-of-Sale (POS) solutions.

Metavante's imaging solution enables lenders to capture, store and provide instant access to loan files and documents. Loan information is electronically stored in a centralized repository that can be accessed by qualified loan personnel from any secure remote branch location. This technology will support document storage and imaging in conjunction with the LOS from Metavante's GHR Systems, Inc. Clients will access the software through a direct link that will support both the online and client server versions of GHR's LOS. Lenders will be able to add, view and manage loan documents through imaging tools (ISView and Capture) from TREEV, a unit in Metavante's Imaging Solutions division, to streamline the loan origination process.

"We have a unique opportunity to provide all the benefits of our Lending Solution to GHR's client base," said David MacWhorter, general manager, TREEV. "Our intuitive software will make it possible for users of GHR's LOS to more efficiently track and process loans and loan documents while improving customer service."

"The Lending Solution will provide immediate electronic access to all pertinent data associated with a particular customer file and like GHR's web-based LOS, requires virtually no software installation on users' desktops saving significant time and resources," said Cy Brinn, president, GHR Systems. "Our technology in combination with this document imaging technology will enable lenders to further increase productivity and reduce expenses associated with loan processing, helping to boost profitability."

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