ALTAMONTE SPRINGS, Fla. /Florida Newswire/ — CCMC Inc., the leading provider of automated interfaces for the financial industry, announced an agreement with COCC, the seventh largest technology service provider in the U.S., to provide ccmcBridge connecting their next generation core processing system with the industry's leading loan origination systems. The ccmcBridge solution will provide COCC clients with a robust data update capability built around a business rules engine that eliminates manual data entry, reduces errors, and increases overall efficiency.
"COCC is pleased to offer CCMC's seamless connection between our clients' loan origination systems and our core processing system," said Joe Trafton, Senior Vice President and Chief Strategies Officer at COCC. "Having a robust interface that can quickly adjust to changes in regulations and business requirements is a critical part of today's banking business. CCMC excels in this area of technology. We are excited about this new partnership which promises to reduce costs and increase efficiency for our client institutions."
"Improving end to end loan management with dependable technology and user friendly processes is key to the success of financial institutions," explained Dana Giesler, Executive Vice President of Sales for CCMC. "We have always offered our clients a robust, seamless transfer of data from system to system, enabling consolidation of efforts and reduction of errors naturally caused by re-keying data. The end result is a more efficient workflow that improves the bottom line. Together with COCC, we are offering a solution that will immediately benefit our clients," added Giesler.
The ccmcBridge product uses a powerful business rules engine and process management database to translate loan information into the transaction format required for COCC's core processing system. The ccmcBridge automatically inserts default data, performs complex logic functions, and highlights any errors detected. These comprehensive data validation functions simplify the process and eliminate work, reducing the overall cost of lending.
The new agreement will give COCC the ability to resell the ccmcBridge product while CCMC will provide installation services and continuing support. The agreement includes all the leading loan origination vendors.
"We are excited to be able to offer our clients this innovative solution coupled with CCMC's uncompromised client support," Trafton said.
Founded in 1994, CCMC is the financial industry's leading independent provider of interface software designed to streamline the flow of information. CCMC's BridgeWare products connect loan origination systems to a full array of service providers including internet based systems, marketing systems, and all the major loan servicing systems. We build interfaces!
For more information, visit www.ccmcinc.com or call 407.788.7557.
COCC delivers complete enterprise processing solutions to financial institutions throughout the northeastern United States. Listed among American Banker's FinTech 100, this client-owned technology company has a history of implementing leading edge technologies. COCC has been recognized for superior client service and advanced technology, particularly for its deployment of software 'apps' which dramatically accelerate the delivery of innovation to the banking industry. Client ownership gives COCC the focus and financial strength to make it the better data processor.
For more information about COCC, please visit www.cocc.com or follow us on Twitter @coccinsight.
Copyright © 2011 FloridaNewswire™ and Neotrope®. Florida Newswire is a publication of the Neotrope News Network and a TM of Neotrope.