Contour Unveils WebIT

Contour Software has released software that will facilitate a variety of mortgage-related electronic transactions over the Internet, the company announced at the National Association of Mortgage Brokers '98 Annual Convention and Showcase in Chicago.The software, WebIT, will use the Internet to replace existing EDI solutions between mortgage companies and their vendors. Lenders can automatically transfer data onto a webpage from any vendor, instead of having to build EDI solutions that require data files, conversion routines, and communications software, Contour said. WebIT was designed to speed communications between trading partners and to provide a single Internet connection among trading partners, according to Scott Cooley, president of Contour Software. Kirk Knott, director of information systems for Old Republic Title Co., said it required "almost no effort on our part" for Contour to integrate the company's webpage with the WebIT software. Contour announced that the following 10 companies are its initial electronic commerce partners: The Money Store, Old Republic Title, Lereta Flood, PLU Flood, America's Flood, Fidelity National flood, Intell Flood, Factual Data Corp., Credit Profile Services, and PSAR.