Wachovia Chooses Palisades LOS

Wachovia Corp., the fourth largest bank holding company in the U.S., has selected Englewood Cliffs, N.J.-based Palisades Technology Partners' Impact Mortgage Services Suite for implementing their new loan origination system. The system, scheduled for implementation across Wachovia's lending network, was selected to shorten loan application processing time, increase capacity and improve efficiency at Wachovia. The system includes components for pricing, fees, compliance and mortgage calculations. Palisades can be found on the Web at http://www.ptpusa.com.