DALLAS--(BUSINESS WIRE)-- Sollen Technologies, an Internet-based application services provider of product, pricing and best execution capabilities for the mortgage industry, has, with the help of their existing clients, devised and developed a multi-faceted approach for cutting through all the legislative red tape and challenges associated with the new Loan Officer Compensation rules.

From the beginning Sollen has recognized the importance of integrated pricing flexibility and has offered functionality to incorporate the unique pricing adjusters required by lenders. In an effort to accommodate the new requirements, Sollen has worked with industry leaders to enhance our technology and deliver these changes via a design that offers maximum flexibility.

Sollen allows the use of percentage-based and dollar-based formatting coupled with a multi-level approach which allows the user as much granular flexibility as possible in managing pricing while still retaining the ‘ease of use’ trademark that is Sollen.

Sollen’s Product and Pricing Engine is a Web-based solution that offers a complete pipeline management system with access to multi-channel, multi-lender data from an easy-to-use interface. “Our products are known in the industry for providing fast, accurate results,” said Michel Van Hee, CEO of Sollen Technologies. “Sollen has always looked to our client’s expectations to help guide our development and this has never been more evident then in the changes we’ve made to help our customers manage their pricing in the new LO Comp regulatory environment.”

In addition to Lender Online, Sollen Technologies offers a comprehensive suite of services that allows the complete automation of loan product pricing and eligibility, including BestEx and RateSheet Generator. To learn more about Lender Online and Sollen’s other products and services visit, www.sollen.com.

ABOUT SOLLEN TECHNOLOGIES

Based in Dallas, Sollen Technologies is an Internet-based application services provider of product, pricing and best execution capabilities for the mortgage industry. Sollen Technologies’ vision is to provide comprehensive products and services that bring measurable value to the retail, wholesale, and correspondent channels. Sollen is a Mortgage Technology Magazine Top 50 Service Provider for 2008 and their innovative technology helps to enhance the relationship between originators and lenders enabling both to effectively compete in today's marketplace. Call 800-582-1074 or visit www.sollen.com.

CONTACT:

Sollen Technologies
Mason Rees, 214-647-8933

KEYWORDS:   United States  North America  Texas

INDUSTRY KEYWORDS:   Technology  Data Management  Internet  Software  Professional Services  Banking  Finance  Construction & Property  Commercial Building & Real Estate  Residential Building & Real Estate

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