In a win for the Internet-based loan origination system model, Metavante Corp. has announced that Platinum Home Mortgage, Rolling Meadows, Ill., is upgrading to Metavante's online Mortgage Loan Origination Studio Software.Platinum president Bill Giambrone, a Metavante client since 2002, said the company chose moving to a Web-based mortgage LOS "to improve loan officer productivity and increase sales, while reducing the cost of maintaining client-server software on our employees' desktops." He said MLOS was one of the most feature-rich browser-based applications available. MLOS offers to help eliminate the high cost of distributing and maintaining desktop software on its originators' computers and reduce the risk associated with applications installed on laptops. Platinum can be found online at http://www.ephmc.com, and Metavante can be found at http://www.metavante.com.

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