Framework Moves Into Broader Markets

In a widely expected move to expand its market reach beyond top-tier lenders, Tarrytown, N.Y.-based Framework Inc. has announced a full range of purchase and deployment options for its LendWare credit fulfillment platform and components.The options to be offered include releasing source code to lender customers (such as Washington Mutual) desiring to create an in-house system; subscription-based licensing; a pre-configured LendWare system to reduce implementation time and lower cost; an ASP (application service provider) utility for customers seeing to minimize information technology infrastructure; and a business-process outsource utility offering economies of scale through a Framework BPO partner or fulfillment provider. Framework, recently acquired by Bank of America after providing the technology powering BoA’s LoanSolutions enterprise-wide system, has strategic relationships with Fidelity and other fulfillment providers.