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Mortgagebot forms partnership with Harland Financial Solutions

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MEQUON, Wis. (6/20/08)--Harland Financial Solutions will recommend Mortgagebot PowerSite, a Web-based loan-origination system, to its clients and prospects as a preferred solution as a result of a partnership with Mortgagebot announced Tuesday. PowerSite users also will be able to implement software that helps transfer application data collected by the site to Harland Financial Solutions’ mortgage solution and loan documentation products. More than 125 Harland clients already use PowerSite. PowerSite takes applications directly from consumers and allows branch, call center and other non-mortgage staff to take applications with minimal training. It also allows borrowers to complete an application and get pre-approved with full disclosures in 20 minutes or less. Mortgagebot PowerSite automates mortgage loan applications for 800 lenders nationwide, and half of the nation’s top 100 financial institutions, including credit unions. More than 70% of all consumers who search for low mortgage rates look on the Internet, and one-fourth of all lenders originate more than half of their loan volume online, Mortgagebot said in a statement.

CSS transition to RBS gift cards effective July 30

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MADISON, Wis. (6/20/08)--Credit unions with Travelex Visa gift cards under a strategic alliance with CUNA Strategic Services (CSS) will need to make their transition to the RBS Lynk/CSS Gift Card program before July 30. CSS recently announced a new strategic prepaid gift card alliance with RBS Lynk and an enhanced Travel Card offering in its continuing alliance with Travelex. Travelex is discontinuing its gift card program. Credit unions under the Travelex gift card program may continue to sell their existing Travelex Visa Gift Card inventory until July 30. "As we searched for a gift card provider, we were impressed with how easy it was for credit unions to roll out and deliver this program to their members," said Wes Millar, senior vice president, CSS. CSS has sent two letters to credit unions announcing the change to the gift card program and the final date. RBS Lynk's new, enhanced gift card program includes:
* Gift Card inventory with no up-front investment--the cards are paid for when activated; * No program implementation or annual fees; * "America's Credit Unions" brand on the Visa Gift Card; * Free Gift Card packaging with each card; and. * Two free marketing kits per year.
Travelex has broadened its prepaid Travel Card program to include four cards, including two U.S. card products. For more information, use the resource links.