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April 27, 2010 –
Marlborough Stirling Canada (MSC) is excited to announce that Magenta Mortgage Corp. has joined the MorWEB network and is now accepting mortgage applications submitted by brokers using MorWEB, MSC’s web-based mortgage broker origination system.
Magenta offers some of the most diverse products available to the broker community, with their primary focus being to provide clients with greater flexibility and choice. The MorWEB solution is ideal for them because it does not constrain them in terms of how they can set up and offer their alternative product line.
Anisa Lancione, Magenta’s Vice President of Mortgage Development, says: “We have long believed in MorWEB’s functionality as a mortgage origination platform. As we’ve grown, so has our need for MorWEB’s services. And as a regional lender, it’s essential that all borrowers—especially those dealing with national brokers—have access to our unique local products. MorWEB can provide this.”
Michelle Lee Araujo, MorWEB Account Manager, adds: “Flexibility is the key as Magenta will work with deals that may be 'outside of the box', giving brokers excellent options for first and second mortgages in the Ottawa and Kingston areas. We are pleased to be working with this progressive lender to expand their reach further than ever before. We are delighted to work with them in their continued growth."
For more information about MorWEB, please contact:
Tim Brown
General Manager, MorWEB
Marlborough Stirling Canada
(T) +1 416 620-2694
(E) tim.brown@mscanada.com
For more information about Magenta Mortgage Corp., please contact:
Anisa Lancione
Vice President of Mortgage Development
Magenta Mortgage Corp.
(T) +1 888 267-1744
(E) anisalancione@magentainvestment.ca
About Magenta Mortgage Corp.
Magenta Mortgage Investment Corp. is a regional MIC lending in the Eastern Ontario, primarily Ottawa and Kingston, with limited product offerings to the surrounding areas. Founded in 1994, Magenta provides alternative mortgage products to borrowers facing challenges to traditional bank lending.
For more information visit: http://www.magentainvestment.ca
About Marlborough Stirling Canada
Marlborough Stirling Canada (MSC) is a technology services provider to the Canadian mortgage industry. MSC offers a complete range of hosted and licensed software solutions capable of achieving seamless straight through processing of mortgage business from initial customer inquiry to final loan discharge. MSC's solutions include MorWEB (origination system for brokers and lender sales forces), Omiga (underwriting, fulfillment and funding), and Optimus (mortgage servicing). Marlborough Stirling Canada is a wholly owned subsidiary of Vertex (www.vertexgroup.com).
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