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LOS ANGELES, Calif., February 1, 2011 – Applied Business Software Inc. (ABS), developer of The Mortgage Office™, the leading loan servicing software solution for the lending industry, is excited to announce that Romspen Investment Corporation, the largest non-bank lender in Canada, has selected The Mortgage Office™ as its technology to administer their commercial loan portfolio and manage their Mortgage Investment Fund.
Romspen needed powerful and flexible loan software to manage their growing portfolio, currently $500M. They also needed robust and intricate software to manage their Mortgage Investment Fund, which currently has thousands of investors. Finding the right product and the right company to do business with was a process that took many years, and they finally selected The Mortgage Office™ from Applied Business Software, Inc. as their software platform.
“We are pleased to add them to our growing family of customers, and I have no doubt The Mortgage Office™ will help them service their portfolio of commercial loans and manage their investment base more efficiently and with greater profitability”, says Jerry Delgado, president of ABS.
Romspen Investment Corporation is a leading Canadian non-bank mortgage lender specializing in commercial and industrial real estate. The firm began operations in 1966 and the Romspen Mortgage Investment Fund was formed in 2006.
About Romspen Investment Corporation
Romspen Investment Corporation is headquartered in Toronto, Canada. Romspen’s investments are comprised primarily of commercial and industrial first mortgages on properties across Canada. Romspen’s investment objectives are focused on capital preservation, absolute cash yields to investors of 10% and consistency. The current overall mortgage portfolio is approximately $500 million. Over the past 10 years Romspen has invested over $1 billion in over 600 mortgages and have consistently earned average annual returns of approximately 10%.
About Applied Business Software
Applied Business Software, founded in 1978 and creator of The Mortgage Office™, is a market leader and global provider of software systems and solutions to the lending industry. The Mortgage Office™ is a complete suite of software products designed from the ground up to specifically address the needs of those who originate and service loans. The Mortgage Office™ has consistently rated superior in design, system interface, expandability, and ease of use. This true 32-bit Windows application collaborates fully with the Microsoft Office suite of products and is designed to make loan servicing more profitable and your overall business run more efficiently. ABS is based in Long Beach, California. For additional information about ABS’s products and services, visit www.themortgageoffice.com or call (800) 833-3343.
For Applied Business Software, Inc.