FOR IMMEDIATE RELEASE:
Archive Systems Picked As Top Technology Vendor for the Mortgage Industry
Fairfield, NJ – (June 1, 2005) - Archive Systems, the premier
provider of Document Process Outsourcing (DPO) services, was named in the Top 100 Technology Vendor listing in
the June issue of Mortgage Technology Magazine.
For the third straight year, Mortgage Technology presented its list of the top
100 technology vendors serving the mortgage industry. These 100 firms all have demonstrable market
share, proven business benefits and excellent technology. Four major criteria for inclusion of
eligible vendors on the Mortgage Technology Top 100 List are customer satisfaction, functionality,
market share and viable revenue model.
“It is crucial that vendors on the list have satisfied users and show the
ability to hold them by keeping those customers apace of the technology deployed by competing
lenders,” stated Anthony Garritano, managing editor of Mortgage Technology. “Once a technology
tool has proven its superiority by accomplishing tasks that differentiate winners from losers
among lenders, functionality becomes king.”
“We are pleased to be a part of the Top 100 Vendor list as more and more
organizations are turning to Document Process Outsourcing (DPO) providers for an end-to-end
scanning, imaging, archiving and retrieval process,” stated Rick Kushel, President & CEO of
Archive Systems. “DPO services are reducing the “great paper chase” in mortgage loan origination,
collaboration and servicing by providing online access to shared documents for multiple users.”
About Mortgage Technology Magazine
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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