Mortgage technology

ANTs, SFG Launch Direct-Lending System

Published February 10, 2006, 3:00 p.m. EST

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Updated February 10, 2006, 3:00 p.m. EST

1 Min Read

ANTs Software Inc., Burlingame, Calif., has announced the launch of the SFG Bancorp system, which offers to reduce a one- to three-day loan application process to a single 22-minute phone call.SFG, a real estate brokerage and direct mortgage lender based in Pleasanton, Calif., has adopted the ANTs data server to create an integrated mortgage lending system the company touts as slashing the total cost of ownership by 90% compared with that of competing systems. The ANTs Data Server 3.4 serves as the central repository for all customer data. ANTs partnered with sfaFinity Inc., San Jose, Calif., to integrate its customer relationship management capabilities with the ANTs Data Server. SFG Bancorp's resulting SWEEP system is projected to support 1,200 simultaneous users (local or remote via the Internet) and 90 million database records by the end of 2006. The companies can be found online at http://www.ants.com, http://www.sfgbancorp.com/content.aspx, and http://www.sfafinity.com.

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Mortgage technology

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