October 16, 2008Press Release
WebEquity Solutions Announces New Web Services API Integration
Open Web Services API layer delivers a cost-effective integration between its on-demand lending software and core processors, CRM and loan document packages.
GLENWOOD, Iowa, October 16, 2008 — WebEquity Solutions LLC (WebEquity), the proven leader of on-demand lending software, today announced the availability of its WebEquity Web Services API, an integration layer that enables transparent integration between its lending software and core processors, CRM systems, loan document packages and other software applications.
“Our Web Services API integration layer eliminates the need for costly custom program interfaces,” said Doug McGregor, CEO of WebEquity. “This is an important next step for WebEquity as we continue to execute on our mission to help our customers streamline their entire lending process and achieve productivity gains that result in reduced operational costs and more profitable lending.”
The WebEquity on-demand software is designed to automate the entire lending process for all loan types including commercial, agriculture, small business, leasing, construction, real estate and consumer credits. The Web Services API integration layer will simplify connectivity to outside software systems such as core banking, CRM and loan document software packages. This integration approach will enable lending institutions to eliminate duplicate data entry and improve the accuracy and security for data such as customer demographics and specific loan information which is common across these different systems.
The WebEquity Web Services API is delivered with an out-of-the-box, rich-repository data dictionary where the properties, associations and constraints of over 100 fields are described. WebEquity will also deliver a Web Service Definition Language (WSDL) for its API that provides documentation and tools enabling developers to easily create linkages to and from the WebEquity API and associated lending technologies.
“Lending institutions are facing intense pressure to improve credit quality and operate more efficiently,” said McGregor. “Our approach to automation plays a paramount role in helping companies respond to these pressures. Specifically, the new WebEquity Web Services API provides a cost-effective approach to integration and eliminates redundant data entry while improving accuracy across the entire enterprise.”
WebEquity recently introduced its new Web Services API integration at its 13th Annual Lending & Technology Conference. The WebEquity Web Services API will be available Q1 2009. For more information on WebEquity’s Web Services API integration, visit www.webequitysolutions.com.
About WebEquity
WebEquity is the proven leader in on-demand lending software. More than 10,000 lending professionals use WebEquity to automate and streamline their lending process and reduce operational costs, while making more uniform and profitable credit decisions. The company offers financial institutions a distinct advantage with a single solution that works for all loan types, an on-demand model that provides centralized, anywhere access, and the flexibility to configure the system so it fits their lending practices. WebEquity serves institutions in the U.S., Canada and Australia. For more information call 800-264-0787 or visit www.webequitysolutions.com.
