FOR IMMEDIATE RELEASE:
Archive Systems' ASPEN 360™ Distinguished as Valuable Technology to Mortgage Lenders
Fairfield, NJ (June 7, 2006) - Archive Systems, the premier provider of Document Process Outsourcing (DPO) services, was named as a Top 25 Service Provider in the June issue of Mortgage Technology Magazine.
Mortgage Technology's list of the Top 25 Mortgage Technology Service Providers includes organizations that have delivered a high degree of functional value to mortgage lenders. Four major criteria for inclusion on the Top 25 list are customer satisfaction, product functionality, market share and viable revenue model.
"As technology grows more complicated and the Web revolutionizes the way technology is used and delivered, we expect more and more companies to be offering their products on a service basis rather than licensing them out as toolkits that users will customize," stated Anthony Garritano, managing editor of Mortgage Technology.
"We are pleased to be a part of the Top 25 Mortgage Technology Service Providers list for the second year in a row, as an increasing amount of mortgage lenders are turning to Software-as-a-Service offerings for document management as opposed to in-house systems," stated Rick Kushel, President & CEO of Archive Systems. "The ASPEN 360 Mortgage Edition solution enables organizations to focus on their core business initiatives rather than integrating and managing software, or managing multiple vendors for scanning, imaging, workflow and document storage."
About Mortgage Technology
From AVMs, automated underwriting and e-mortgages to loan origination systems, servicing technology and workout systems, Mortgage Technology identifies the trends, tracks the developments and transforms technical material into practical information that can be applied in real business situations. The editors of Mortgage Technology publish eight opportunity-laden issues each year; prepare special reports on the most tech-savvy lenders, promising newcomers and top vendors; and present highly-coveted annual awards for best practices in technology.
About Archive Systems, Inc.
Archive Systems, Inc. flagship solution, ASPEN 360 Accounts Payable Edition, combines best practices AP Automation with ZeroTouch AP imaging and workflow. The product increases efficiencies and reduces costs with features such as straight through processing, which uses automated three-way matching to auto match invoices to PO and receipt line items without AP processor intervention. It includes the ASPEN 360 Invoice Virtualization Center, which removes from the client all tasks associated with document imaging, data capture, document classification, indexing, and OCR. The company also provides physical records management services such as business records storage, document shredding, and offsite data storage, through a number of Record Center locations. For more information, please visit www.archivesystems.com.
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