Wachovia Launches PTP Web-based LOS

Wachovia Mortgage, the fourth-largest bank holding company in the United States, has launched Palisades Technology Partners' Impact Mortgage Services Suite, a fully automated, Web-based loan origination system."Palisades' Impact Loan Processing System delivers a robust lending platform that we integrated tightly into our infrastructure," said Laurie Smith, director of lending technology for Wachovia. "We are particularly excited about the potential for extending our use of Impact's components for loan pricing, fee calculations, and compliance as Web services." The company said the project required the development and implementation of interfaces to many downstream systems, including Wachovia's in-house point-of-sale system, using a MISMO-like Interface Manager and standard messages over an IBM MQ protocol. (MISMO is the Mortgage Industry Standards Maintenance Organization.) The implementation will also facilitate the electronic delivery of documents leveraging Wachovia's Electronic Forms and Image Archive infrastructure.