e4e Introduces 'Captive-Plus' System

Santa Clara, Calif.-based e4e, a provider of "on tap" mortgage business services, has announced a "captive-plus" system that allows midsize lenders to choose from a variety of acquisition, processing, customer care, and servicing capabilities.The system will "substantially improve" profitability, reduce risk, and create a variable-cost environment, providing a "sustainable competitive advantage" that will enable midsize lenders to compete on a level playing field with large lenders, the company said. "Since 2000, e4e has been managing processing operations that support captive offshore centers of large lenders," said Vaibhav Tewari, e4e's president of financial services. "As the business environment continues to change, we've seen the growing need to allow mid-tier lenders the benefits of a captive environment without the resource costs necessary to set up an offshore captive operation." The company can be found online at http://www.e4e.com.