Technology supports innovative mortgage origination and production model Metavante Corporation, the banking and payments technology subsidiary of Marshall & Ilsley Corporation (NYSE:MI), today announced that ING DIRECT USA has licensed its online wholesale point-of-sale (POS) and loan origination system (LOS) technology for its wholesale mortgage operation, ING Mortgage. ING Mortgage will be deploying the Web-based Wholesale Origination Website from GHR Systems, a Metavante Lending Solution, integrated with its Loan Origination Studio product. GHR's Wholesale Origination Website is a comprehensive, interactive and secure, broker-centric system designed to provide self-service for wholesale loan personnel. Because the system includes GHR's automated decision engine, brokers can obtain instant eligibility, pricing and underwriting decisions. Brokers can also efficiently submit and manage an entire pipeline of loans while viewing real-time loan status information, conditions and loan notes directly from GHR's LOS platform. ING Mortgage will also implement GHR's Web-based LOS, featuring integrated decisioning, including service ordering and the movement of data and documents from the point-of-sale through to loan closing. GHR's LOS automates the mortgage sales process and boosts loan processing productivity and customer satisfaction by significantly shortening the loan origination process by automating steps that previously required manual attention. The selection of GHR lending automation technology supports a major technology transformation initiative at ING Mortgage to automate their mortgage origination processes. "ING DIRECT USA is one of the country's most innovative financial services providers," said Cy Brinn, president of GHR Systems, Inc. "We are pleased to have been selected to provide technology solutions for their wholesale origination and processing business. GHR's technology was designed to enable innovative lenders to achieve a higher level of automation to reduce manual labor, thereby reducing cycle times and overall loan production costs. In this way, we believe ING Mortgage's approach will ultimately transform mortgage lending in the U.S. and GHR's technology will help accomplish this objective." About ING DIRECT USA Headquartered in Wilmington, Del. with offices in New York, Philadelphia, Los Angeles and St. Cloud, Minn., ING DIRECT USA is the operating name of ING Bank, fsb (Member FDIC), a federally chartered savings bank offering the Orange Savings Account and other high-value financial products including the Orange Mortgage. ING DIRECT USA is part of ING (NYSE:ING), one of the largest financial services organizations in the world. ING has been operating in the U.S. for over 100 years, with more than 10,000 employees working for ING companies. ING DIRECT USA has over 4 million customers and more than $62 billion in assets. ING DIRECT USA is one of nine direct banks operated globally by ING DIRECT; the other locations are Canada, Australia, France, Spain, Italy, the United Kingdom, Austria and Germany (where ING DIRECT is known as ING DiBa), with a total worldwide customer base of 15 million (including U.S. customers). For product information or to open an account, visit www.ingdirect.com or call 1-800-ING-DIRECT. Style note to Editors: ING DIRECT is always capitalized and never referred to as ING. About Metavante Metavante Corporation provides loan origination, processing and closing systems for the residential mortgage, consumer and small business lending industries through GHR Systems, Inc., a Metavante Lending Solution. GHR's systems are used by large, mid-sized and emerging lenders to better market, sell and close loans through all distribution channels, including wholesale, retail, consumer direct and correspondent. Four of the Top 10 U.S. Mortgage lenders use GHR's systems. GHR is a Microsoft Gold Certified Software Development Partner. For more information, please visit www.ghrsystems.com. Metavante Corporation delivers banking and payment technologies to financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, and electronic presentment and payment. Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly owned by Marshall & Ilsley Corporation (NYSE:MI). Metavante is a registered trademark of Metavante Corporation.
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