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Wednesday, January 19, 2005

Mortgage Settlement Network Innovations Successfully Closes its First Client Loans in Initial Launch

Mortgage Settlement Network Innovations Successfully Closes its First Client Loans in Initial Launch Company edges closer to a true 'paperless' closing PITTSBURGH, Jan. 19 /PRNewswire/ -- Mortgage Settlement Network Innovations (MSNi), a national full-service collateral assessment, title and settlement provider has unveiled its service offering and successfully closed its first series of client loans. By utilizing imbedded transaction management processing, MSNi offers its clients a full breadth of settlement services and a web-based hub for process, communication and document management. "Our offering has bridged the gap between our clients' workflow and our technology-based solutions; evolving the industry to the level of effortless closings," stated Joseph J. Murin, MSNi's Managing Partner. "We believe that our clients have compelling reasons to choose us. We provide the best of all worlds in every transaction; a network of licensed closing attorneys and technological advancements in web-based exception management coupled with adaptive operating process efficiency." MSNi's focus is on elevating consumer satisfaction in the closing process. By managing to its client and borrower expectations, MSNi has developed msninet.com. This product fulfillment, client communication and document management platform is the cornerstone of MSNi's capabilities. Through this intuitive web-based system, MSNi has created a true paperless closing environment; one that virtually eliminates copies, the movement of paper and post-closing document management issues. Barry Carlson, Closing Manager for SouthBanc Mortgage echoes this sentiment and has seen an immediate benefit from utilizing MSNi. "First off, I'd like to thank you for making my life so much easier," said Carlson. "I love the fact that I can post docs to your website and not have to deal with overnight shipping and all of the issues that come with that. At this point, I don't think I would change a thing, I'm thrilled with the services!" By providing users, including the buyer, seller, agents, lender, etc., with the ability to communicate, view documents and manage the status of events surrounding a closing, MSNi enables all parties to stay informed and communicate in real-time. Through the utilization of msninet.com clients are assured of no interruption in their established workflow while MSNi conducts the closing on a professional 'white-glove' basis. Murin adds, "By providing clients with our toolkit, we adapt to their workflow, not them to ours." About Mortgage Settlement Network Innovations (MSNi) Mortgage Settlement Network Innovations (MSNi) is the only national provider of collateral assessment and settlement services to provide a licensed attorney at every closing. With its dynamic communication and document management platform, MSNi enables its lender-clients to reduce expenses, improve capacity management, mitigate risk, and significantly reduce processing time. For more information regarding MSNi and its products and services, visit http://www.msnillc.com/ . Source: Mortgage Settlement Network Innovations CONTACT: Shanon M. Lake, Managing Director of MSNi, +1-412-747-4700, ext. 4740, or media@msnillc.com Web site: http://www.msnillc.com/ ------- Profile: International Entertainment

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