OLYMPIA, Wash., May 24, 2005 (PRIMEZONE) -- Enhanced Technology Financial Services, Inc., announced today that it will provide Wachovia Securities with high speed credit decisioning services for its HELOC Retention Program being offered to 3rd Party business partners. The high speed decisioning model will be capable of providing automated pre-qualified credit decisions on targeted customers and final credit decisions based on Wachovia's underwriting criteria. This program will be offered through cooperating business partners starting in June 2005.
"We're delighted to be selected to support Wachovia's innovative approach to the market," added Vicki Christensen, Vice President-Information Systems for ET, "and we look forward to demonstrating once again what ET's 21st century technology can do in terms of speed, scalability, reliability, privacy, user friendliness and costs. We work hard to make certain that each of our clients, who range in size from $24 million to over $500 billion in assets, see direct benefits from our efforts. At ET we say 'Yes' and then deliver in weeks rather than years."
About Enhanced Technology Financial Services, Inc.
ET Originates, Services, Collects, and Reports on private label consumer loans banks using its proprietary OSCAR system and team. ET guarantees that its client banks will increase total net income by at least 20% when they use the complete OSCAR system. By combining ET's risk-related pricing and best-in-industry servicing, ET's client banks can generate higher margins and more volume with lower risk and less volatility, simultaneously. ET Financial Services is headquartered in Olympia, Washington.