Harland E3 Launches, Finally

MortgageWire has learned that Harland has shipped its Interlinq E3 loan production system, the long-awaited successor to MortgageWare.Some 30 lenders are scheduled to start implementation of E3 by the end of April, out of the 360 lenders that have purchased E3. Most of the first 30 implementations are customers upgrading from MortgageWare, which has been the system used more than any other by lenders since 1992, according to Mortech. E3 is a Web-based platform that has been touted as an open customizable system enabling business process management and XML-compliant integration across the mortgage supply chain and for interfacing easily with other systems. Thayne D. Atkinson, the management information system officer at Salt Lake City-based Security National Mortgage, commented, "I will be able to move electronic data into the system without fear of losing data integrity, since everything filters through the business logic before it's written in the database." He estimated that E3's ability to automatically route incoming broker loans to the correct branch and notify the correct person will save an average of 15 minutes per loan setup and communication time -- about 4,200 hours a year.