Web Seminar: Boosting Profits through eMortgage Technology Investments

September 13, 2004

Silanis and Decade Systems Co-Sponsor Event on September 22, 2004

Montreal, QC, September 14, 2004 — Silanis, the market leader in automating business approval processes, and Decade Systems, a prominent integration and business connectivity solutions provider in the mortgage industry, are co-hosting a complimentary web seminar on Wednesday, September 22. This event, entitled “Automating Mortgage Originations” focuses on how lenders can incorporate eMortgage technology into existing or newly acquired systems to maximize productivity and drive a higher return on investment from a new or existing loan origination system (LOS).

“Lenders today are faced with the decision of replacing existing origination systems or improving what they currently have,” says Brian K. Fitzpatrick, chief executive officer of Decade Systems. “What they don’t often realize is that they can incorporate eMortgage technology into their systems today. Integration and business process management technology is the key to bridging the legacy world with the new world of eMortgages.”

In 2003, mortgage volumes surged to $3.8 trillion dollars, with 66 percent generated through refinancing. This surge pushed unprecedented volumes through loan origination systems testing their capacities. As mortgage volumes ease, more and more lenders are taking the opportunity to tackle loan origination system conversion, consolidation and system development projects. According to the recently released MBA 2004 Technology Study, 67 percent of mortgage industry technology spending is being dedicated to origination.

Incorporating eMortgage technology into existing or newly acquired systems can maximize investments and drive higher returns. In addition to operational improvements, lenders are striving to increase market-share and are looking for technology that will provide a competitive edge, enabling them to drive more revenue through existing channels.

About Decade Systems

Jacksonville, Fla.-based Decade Systems is a leading provider of systems integration solutions for the mortgage industry, providing businesses with efficient alternatives in financial systems integration. Decade’s solutions include TEDI, an enterprise data integration software solution that speeds the development of interfaces and transfers information consistently, rapidly and seamlessly across multiple systems and platforms. The company has a reusable industry library of integration objects to over 50 of the most popular mortgage technology software platforms in the industry and provides integration system consulting services on a strategic and technical level, assisting in the design and implementation of solutions for companies’ integration challenges. For more information about Decade Systems, visit the company Web site at www.decadesystems.com.

About Silanis

Silanis Technology is the leading provider of solutions that automate the Business Approval Process. The company’s award winning desktop and server-based solutions leverage electronic signature and approval technology to achieve total automation. With over 1,000 customers across government, mortgage, auto finance, insurance, banking and FDA regulated industries, Silanis has over a decade of experience in developing and delivering solutions that work the way organizations do. Government customers include NIH NIAID, USPS OIG, US Mint, and an enterprise license with both the US Joint Chiefs of Staff and the US Army.


Mary Ellen Power (514) 337-5255 ext. 1117 [email protected]