DALLAS, April 19, 2007 (PRIME NEWSWIRE) -- INFINITE Software Corporation (Pink Sheets:IFSC), a leader in Legacy Extension, Business Intelligence and loan production software for banks, credit unions and consumer lending institutions and developer of the award-winning INFINITE and LPS product lines, announced today that it has been awarded a new contract with US Mortgage Holding, LLC.
US Mortgage Holding, LLC is a new venture founded by a team of industry veterans, who together bring nearly 50 years of industry experience and a unique marketing strategy for the real estate market. The company will be exclusively web based and reach out to customers throughout the United States. "After looking at many alternatives, we determined that INFINITE Software provided the most complete software and services solution to meet our needs," said Randy Parker, Partner, US Mortgage Holding, LLC.
INFINITE Software will work closely with US Mortgage Holding, LLC to set up customized yet simplified prequalification screens designed with the customer in mind. Structural work on the new system has begun and the multi-year agreement is valued in the mid-six figures.
About INFINITE Software Corporation
The INFINITE Software LPS solution offers a complete Mortgage, Banking and Auto lending solution designed with the business manager in mind. All screens are easily customizable, a rules engine allows administrators to update processes as regulations change and work flow is controlled by a business process management feature. The InfiniteLPS automated secondary marketing application schedules loans from the time of application to help maximize profits.
INFINITE Software is headquartered in Orange County, CA and operates globally from offices in Asia, North America, South America and Europe. The Company's products are marketed under the brand names INFINITE and LPS. INFINITE Software enjoys over 100,000 installations in 56 countries, including 91% of the Fortune 500 and is the global expert in legacy system migration and modernization.
About US Mortgage Holding, LLC Corporation
US Mortgage Holding, LLC is a web-based company headquartered in Phoenix, AZ, offering a full range of lending services including residential mortgages, debt consolidation and refinancing. US Mortgage Holding, LLC prides itself on making the American Dream a reality, and with their expert staff, they can assist clients in selecting the best financing program and terms to move them into the home of their dreams.
Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This report includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this report that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.