Cogent Migrates to New Platform
Cogent Economics, a developer of loan quality control and compliance tools, is migrating its CogentQC suite of applications to Microsoft's .NET platform.
Cogent's chief software architect, Bob Wong, said the migration is a fundamental shift that involves rewriting the code from scratch.
"This will enable a lot of new functionality. Plus it will enable more rapid development and, through the .NET framework, ease the connectivity to SQL databases and third-party service providers," he said in a company news release.
The company said users will notice significant improvements to the user interface, a new drag-and-drop report designer tool with graphing capabilities, a new sampling tool that simplifies complex sampling strategies and generally faster processing.
Cogent anticipates that the .NET versions of CogentQC will be available in the third quarter of 2005.
Founded in 1991, Cogent's integrated site of applications includes production, pipeline, compliance, servicing and due-diligence quality-control tools. The company said that CogentQC systems are used to guide the quality and compliance monitoring of over $750 billion in annual mortgage originations and over four million servicing records.
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