November 30th, 2009 – Montreal, Canada – Technicost proudly
announced today the launch of TechLOS, a web-based loan origination system. Easy to deploy and
learn, the new LOS delivers performance and workflow to meet the needs and
volumes of credit unions of all sizes.
In
an effort to optimize investments in technology, many credit unions in Canada
have turned to web-based hosted solutions for greater integration, competitive
pricing and ease of deployment. Partnering with Celero Solutions and the Cumis
Group,
Technicost takes advantage of that trend by providing a professional web-based LOS
that can be rapidly configured and deployed.
Starting at $500 per
month, credit unions can benefit from a loan origination system fully
integrated with the TCCUS® and eroWorks® banking systems. TechLOS also connects
with key industry partners for creditor insurance, credit bureau, and mortgage
insurance. Other interfaces
are scheduled to be released later this year.
TechLOS is designed to evaluate
and process all types of consumer loan, line of credit and mortgage
applications. The system comes with complete member and
lender dashboards allowing lenders to oversee the status of loans and reduce costs
associated with document preparation and loan processing errors.
Yvan
Trépanier, Technicost president and chief executive officer stated, "We view
this product release as fulfilling our customers' requests for web-based,
cost-effective software."
He
added, "With the hosted capability, we can continue to deliver on our
mission of making loan origination technology affordable for credit unions while
providing more flexibility and efficiency in how they use our products."
In
Manitoba, Saskatchewan and Alberta, the system will be distributed under the
name “eroServe LOS – Powered by Technicost”.
About Technicost, Inc.
Founded in 1982, Technicost is a well-established and recognized
software provider of loan origination and servicing solutions, as well as
financial systems for asset liabilities, risk assessment and term deposit
management.
Technicost is dedicated to helping financial institutions, credit
unions, private lenders, government agencies, microfinance institutions and
investment vehicles increase their profitability by providing reliable and
affordable software that streamlines and optimizes all phases of the lending
process.
A combined financial and technical expertise allows Technicost to
understand the business issues behind any technical need, and in return deliver
superior products that correspond to the client’s specific needs and
expectations.
To learn more about Technicost, visit www.technicost.com or request
a call back.
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Media contact:
Martin Ducharme
Technicost, Inc.
(800) 990-9259 x256