ATLANTA, April 4, 2006 (PRIMEZONE) -- MidFirst Bank, one of the five largest privately held financial institutions in the country, has become the 100th lender to convert its mortgage operations to the new INTERLINQ(r) E3(r) system, a loan production platform from Harland Financial Solutions, Inc. Harland Financial Solutions is a wholly owned subsidiary of John H. Harland Company (NYSE:JH).
The INTERLINQ E3 Web-based loan production platform provides critical business process management, integration and connectivity across the mortgage supply chain, enabling lenders to integrate service providers into their business process.
"Today, 100 lenders are using our INTERLINQ E3 system to produce residential mortgage loans, while an additional 200 lenders are in the process of implementing the solution," said John O'Malley, president of Harland Financial Solutions. "E3 is a key reason why we continue to lead the mortgage industry in market share."
MidFirst, which started processing loans on the INTERLINQ E3 system last month, sought a loan origination system its project team could customize to accommodate the bank's business requirements. MidFirst also uses Harland's GreatDocs(tm) electronic mortgage documents.
Harland Financial Solutions remains the market share leader in loan origination systems for mortgage lenders based on number of installs, according to the 2005 MORTECH survey of technology usage.
"This milestone reaffirms Harland Financial Solutions' leadership in mortgage origination software," said Jeff Lebowitz, principal of MORTECH, LLC. "With its extensive history and expertise in mortgage lending, the company will continue providing advanced technology that helps lenders succeed in competitive markets."
About MidFirst Bank
Oklahoma-based MidFirst Bank is a national leader in commercial real estate and mortgage lending services with $10 billion in assets. MidFirst Bank has a network of 45 banking centers and more than 130 ATMs across Oklahoma with other offices in Phoenix, Denver, Houston, Chicago and New York and is a member of the Midland Group of Companies. MidFirst has originated over $5 billion in mortgage loans nationwide in the past ten years and currently serves over 300,000 nationwide mortgage customers. Visit www.midfirst.com or call (602) 801-5000 for additional information.
About Harland Financial Solutions
Harland Financial Solutions (www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. Harland Financial Solutions is a leader in core systems, item processing, payment processing, enterprise content management, financial accounting systems, electronic documents, deposit and loan origination, customer relationship management, compliance training, branch automation, check and MICR printing, mortgage lending, and solution consulting.
About Harland
Atlanta-based John H. Harland Company (NYSE:JH) (www.harland.net) is listed on the New York Stock Exchange under the symbol "JH." Harland is a leading provider of software and printed products to the financial institution market. Harland's software solutions include deposit and loan origination, platform, teller, call-center, mortgage, business intelligence, core systems and customer relationship management systems. Harland's printed products offerings include checks, direct marketing and financial forms. Scantron Corporation (www.scantron.com), a wholly owned subsidiary, is a leading provider of software services and systems for the collection, management and interpretation of data to the financial, commercial and educational markets.
This press release contains statements, which may constitute "forward-looking statements." These statements include statements regarding the intent, belief or current expectations of John H. Harland Company and members of its respective management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Reference is made to the Risk Factors and Cautionary Statements in Harland's Form 10-K and Form 10-Q filed under the Securities Exchange Act.