Press Releases
Haley Systems and Agile Mortgage Systems Announce Software Partnership
Haley Business Rules Technology Powers Mortgage Lending Software
PITTSBURGH, PA - March 28, 2006 - Haley Systems, Inc., the technology leader in business rules management systems, today announced a software partnership with Agile Mortgage Systems, a provider of origination, underwriting, and pricing systems for the mortgage lending industry. Haley's business rules engine, HaleyRules, will be embedded in all of AMS' solutions to power automated decision making capability.
"Haley provides the stable decision making capabilities our software needs to deliver consistent results across multiple mortgage lending scenarios," said Phil Coppney of AMS. "With automated decision making, each loan has to be handled fewer times by fewer people."
"By automating mortgage lending processes, AMS' solutions fill a big gap in the mortgage lending industry," said Hans Witt, CEO of Haley Systems. "By using Haley's natural language capabilities to define the policies and rules that govern the loan process, independent of an application, AMS customers will gain greater flexibility and agility."
AMS will embed HaleyRules into each of its three solutions, the Agile Origination System™, the Agile Underwriting System™, and the Agile Pricing System™.
The Agile Underwriting System helps lenders write loans that fall outside of the parameters of major agency lenders. Such loans, often processed manually or with cursory automation, can be processed much more efficiently with the automated decision making of AMS' technology.
The Agile Pricing System helps lenders to be better informed about loan quality and price early in the lending process, ultimately resulting in improved decision making. Business rules-driven decision making allows lenders with the Agile Pricing System to deliver accurate loan pricing in real time, based on criteria provided by a loan recipient.
Based on the MISMO standard, the Agile Origination System goes beyond standard data warehousing to include built-in underwriting and pricing functions. These functions are housed within one application to lower maintenance costs and total cost of ownership for lenders.
About Agile Mortgage Systems
Based in South Carolina, Agile Mortgage Systems www.agilems.com helps mortgage lenders reduce the cost of making loans. With a series of solutions built in a Service Oriented Architecture, AMS uses business rules technology to manage work flow, automate pricing, automate underwriting, and automate the handling of exceptions for the mortgage industry.