News

March 16, 2007 - eDominate Helps Shape ComNet Financial Corporation

ComNet Financial Corp, a nationwide lender providing small balance mortgage loans on commercial and multifamily properties chose eDominate's Commercial LOS Plus Suite shortly after seeing the first demonstration. "eDominate went quickly to the top of our list," says Mr. Lucas. "Based on our experience, we knew we needed a product that could do everything. We needed a system that could be developed quickly and then tailored as we grew. What we found was that very few venders offered a true commercial LOS product with the flexibility to make alterations in the future."

Jeff Hock, eDominate's representative describes their product as "an end-to-end loan origination solution. eDominate's Commercial LOS provides ComNet's staff the ability to complete all processes from origination, to closing, exceeding their expectations for organizational setup, having an analyzing position between sales and underwriting and a client module that stores all pertinent information, to expedite the process on repeat business."

Also purchased in eDominate's Suite is eCommerce Manager (eCM) a front-end web-based piece that embeds into ComNet's website. When demonstrated, it made perfect sense to Mr. Lucas. In addition to eCM's ability to communicate directly and securely through the Commercial LOS system directly with ComNet's brokers, investors, and prospective borrowers, it can assist them in locating and researching properties, it offers eTuitive Cross-Sell, a product that automatically presents alternative financing products. "We hope to eventually branch into the equipment lending arena, and having the ability to cross-sell across the two lending arenas is huge," said Mr. Lucas.

The eManagement Center portion of the Suite has the ability to track and report loans, predict training needs, conduct audits and manage time measurement issues.

In a very complex commercial market, Jeff Lucas is thankful that he has his ideal LOS system in place. "I didn't necessarily need a cradle-to-grave solution, but it is a tremendous comfort knowing that as we grow the system can grow and as we change directions the system has that latitude to meet our needs. In a time where customer service has become cliché, we are built around the needs and requirements of our brokers, investors, and borrowers. It is nice to know that we have a partner in bringing our services to the commercial market."