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GMAC Protege Offers Lending Automation Product.

Mortgage Servicing News

| November 01, 2004 | Garritano, Anthony | COPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Epitome Systems here has come to market with an end-to-end enterprise productivity management solution designed to automate every step of the mortgage process.

Epitome started as a result of a technology initiative at GMAC Commercial Holdings. "GMAC wanted to create a global paperless process," said Vince Rogusky, founder, president and co-chief executive officer at Epitome. "At that stage the technology was conceived, created and implemented.

"From there, I formed a partnership with GMAC two years ago to look at technologies that they developed that might have broader commercial appeal," he continued. "The end-to-end process automation that they were using was something that I thought the industry would need. As a result, we launched Epitome in the fourth quarter of last year."

The solution - called the Enterprise Productivity Management Software Suite - was designed to move toward a complete e-mortgage and get the paper out of the process at GMAC. "We automate and streamline all the processes within GMAC and other third-party companies as well," said Mr. Rogusky. "In the mortgage industry there are often a number of desperate systems and a number of desperate operations. This technology brings together those systems and operations."

The product offering is broken down into individual components designed to address specific needs within the industry. "Enterprise Productivity Management is a combination of products that will increase productivity in the various mortgage processes and within the systems that execute those processes," said Mr. Rogusky.

"The software is broken down into three basic platforms," he added. "We start with our content Acquistion Platform, ...

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Source: HighBeam Research, GMAC Protege Offers Lending Automation Product.

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