WASHINGTON, May 21, 2014 /PRNewswire/ -- Street Resource Group, the leading provider of warehouse lending software for the mortgage industry, has been named to Mortgage Technology magazine's 2014 "Top 50 Service Providers" list of the mortgage industry's best technology vendors. The only vendor on the list serving the warehouse lending market, Street Resource Group was nominated for its Warehouse Loan System (WLS) technology, which automates the warehouse lending process for both warehouse lenders and mortgage originators. Warehouse lines of credit, essential for the operations of most mortgage lenders, provide the ability to fund loans prior to receiving payment from investors such as Freddie Mac and Fannie Mae after loans are purchased and delivered.
Mortgage Technology magazine's Top 50 Service Providers recognizes companies for their accomplishments in four criteria: continued advancement of technology and services; viable revenue model and value proposition; exceptional customer service; and unique impact on the mortgage industry. A panel of the magazine's editors judges nominations, placing particular emphasis on a company's achievements over the previous year. It is the third time Street Resource Group has been named to the list.
"It's always a great feeling to be recognized among the best companies in your industry," said Stanley Street, president of Street Resource Group. "Being the only company named to the list that exclusively serves warehouse lenders, I feel the honor is also an acknowledgment of how much the mortgage industry relies on the warehousing segment to conduct its business and stay competitive, and how important technology has become to the process of providing warehouse lines of credit."
In recognizing Street Resource Group, Mortgage Technology editors referenced the company's embedded messaging tool, WLSMessenger™, which allows warehouse lenders and mortgage bankers to communicate directly with each other through the WLS system. "WLSMessenger eliminates what I call the 'human lag factor' by giving our clients a means to communicate when an issue does not rise to the level of an email or phone call," Street explained. "It's completely secure and allows messages to be archived for auditing purposes."
The Top 50 Service Provider honor caps a very active past 12 months for Street Resource Group. The company has grown its client base by 20 percent over the past year and signed up two new startup warehouse lender clients in the past two months alone. Street Resource Group also recently opened a new office in Washington D.C. and is currently developing a new version of its WLS software.
About Street Resource Group
Founded in 1986, Street Resource Group, Inc. (SRG) provides information systems and business process consulting to the financial services industry. The company's flagship technology product, the SRG Warehouse Loan System (WLS), completely automates the entire mortgage warehousing process and improves efficiency and profits for both warehouse lenders and mortgage originators. Street Resource Group has established a premier reputation for supplying innovative software solutions and thought leadership in the ever-evolving mortgage marketplace. For more information, visit www.streetresource.com.
- Mortgage Loans
- mortgage lenders