Visionet to Help Form UAE Secondary Market

A corporation created to establish a secondary mortgage finance system in the United Arab Emirates has chosen Visionet Systems, a Cranbury, N.J.-based mortgage technology provider, to help facilitate the sale of loans to U.S. and European investors.Visionet said it will be helping the Emirates National Securitization Corp. develop an information technology strategy and recommending processes designed to assist the corporation in buying loans from originating banks, servicing the loans, and securitizing its portfolio. Visionet can be found on the Web at http://www.visionetsystems.com, and the Emirates National Securitization Corp. can be found at http://www.ensec.ae.