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Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
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Secured Funding Integrates Solutions from VMP Mortgage Solutions
-- Leading Content and Document Production Technology Accelerate Loan Origination --

ST. CLOUD, Minn., March 29 /PRNewswire/ -- VMP(R) Mortgage Solutions, Inc., a Bankers Systems, Inc. company, today announced that Secured Funding Corporation has chosen VMP as its document solution provider. Secured Funding is integrating VMP's compliance content and its RAKIS(R) Document Control and Production System into Secured Funding's loan origination process. VMP's solutions will provide Secured Funding with significant timesaving benefits, as well as compliant document content.

VMP Mortgage Solutions and Bankers Systems are part of the Wolters Kluwer Corporate & Financial Services division. VMP's RAKIS Document Control and Production System expedites the creation, packaging, and printing of mortgage lending documents through centralized document selection logic. RAKIS takes advantage of client/server architecture, ODBC, XML, and ActiveX(R) technology to retrieve data from multiple sources on a network and incorporate it into complete and printable document packages.

"VMP's RAKIS system is the solution we have been looking for to help us assemble document packages easier and faster," Richard Triplett, CMB, vice president and chief compliance officer at Secured Funding, said. "We also chose VMP Mortgage Solutions as our document solution provider for the clear benefits provided by using up-to-date, compliant content."

A flexible system capable of leveraging legacy systems, RAKIS outputs VMP documents formatted to the open data standards created by the Mortgage Industry Standards Maintenance Organization (MISMO) and a variety of other file formats, such as Portable Document Format (PDF) and Printer Control Language (PCL).

"VMP's compliance content and RAKIS system will help Secured Funding streamline its documentation process and build upon its thriving lending business," John Bryant, senior vice president of banking for Bankers Systems and Wolters Kluwer Financial Services, said. "The integration of these tools is another example of how VMP Mortgage Solutions meets the needs of the industry and helps mortgage lenders increase efficiencies and grow their business."

About Secured Funding Corporation

Secured Funding Corp. ( http://www.securedfunding.com/ ) is a future- focused mortgage banker committed to leading the home equity revolution in America. Having nearly doubled its volume since 2003 to fund approximately $85 million in HELOC and home equity loans each month, Secured Funding remains positioned as the home equity specialist over recent years of market fluctuation by constantly improving speed, efficiency, and the overall customer experience. Placing an emphasis on innovation and emerging technology, the company has developed RiLOS and SelectQual, an advanced loan operating system and automated underwriting engine. Together these technologies reduce funding time by weeks. As a leader of home equity loans, Secured Funding has grown to serve a market often overlooked by traditional firms, thus providing lending value and strengthening connections between customers, brokers, and investors. The company's operations are centralized by technology through its state-of-the-art headquarters in Costa Mesa, California. Secured Funding was founded in 1993 and today has over 600 employees and operates in 35 states.

About VMP Mortgage Solutions, Inc.

VMP Mortgage Solutions, Inc., a Bankers Systems, Inc. company, has been providing the mortgage lending industry and government agencies with leading- edge technology and forms solutions for more than 35 years.

Bankers Systems and VMP Mortgage Solutions are part of Wolters Kluwer's Corporate & Financial Services division. Wolters Kluwer is a leading multinational publisher and information services company. The company's core markets are spread across the health, corporate services, finance, tax, accounting, law, regulatory, and education sectors. Wolters Kluwer has annual revenues (2004) of (euro)3.3 billion, employs approximately 18,400 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

For more information about VMP Mortgage Solutions, visit the company's web site at http://www.vmpmtg.com/ or call 800.521.7291.

Bankers Systems Inc. is a registered trademark of Bankers Systems, Inc. VMP and RAKIS are registered trademarks of VMP Mortgage Solutions, Inc. All other trademarks are the property of their respective owners.

Bankers Systems, Inc.

CONTACT: Peggy Wilson of Bankers Systems, Inc.(R), +1-800-397-2341,
Ext. 5260, peggy.wilson@bankerssystems.com ; or Andrew McCaskill for Bankers
Systems, +1-678-781-7210

Web site: http://www.bankerssystems.com/
http://www.vmpmtg.com/
http://www.securedfunding.com/

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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