MorSystems Announces its New Online Borroware Client Loan Aplication Software

Carmel, CA April 26, 2004 — Now that Borrowareยฎ is available in both the online and the downloadable version, a MorSystems’ broker can fulfill the requirements and comfort levels of any prospective online borrower. Fannie Mae’s most recent online borrower survey showed that only 2% of online borrowers were willing to complete an online application. The most unbiased Mortgage industry analysis still shows evidence that 92% to 98% of borrowers remain uncomfortable with the online application process. The downloadable Borrowareยฎ software eliminates that problem for its brokers and their clients. Both the online and offline Borrowareยฎ application systems provide truly unique professional solutions for 100% of brokers and broker’s clients.

Both versions of Borrowareยฎ offer far more than a typical online application. They both offer the client Tutorials (tool tips – answers) for each data field, whether dealing with a W-2ed employee, a corporate CEO, or self employed borrower. Both versions of Borrowareยฎ also offer ease of use and flexibility for the client/applicant; including red, yellow and green lighted folders for each section of the application; the client always knows exactly where they are in the process. The system is so simple; it even surpasses today’s standard Wizard technology. The system also provides a list of supporting documents needed by the broker โ€” the list is entirely based on the client’s data entries. The client can complete their application at home/office or both; the application and document recommendations are practically foolproof, allowing the vast majority of clients an immediate level of comfort and ease of execution.

About: Behind all of MorSystems technology is Richard Whitworth, CEO of MorSystems. He has been a mortgage broker for over 23 years in Carmel CA; his daughter is now President and CEO of that company. Richard states that MorSystems has designed it’s systems to unify its breakthrough technology precisely with longstanding broker proficiencies. The combination of these two powerful forces will help brokers gain additional market share going forward. These technologies and more are available to mortgage brokers and their loan agents; visit www.MorSystems.com for more details and pricing.