|North Shore Systems is the leading provider Commercial Real Estate solutions, enabling greater efficiency and productivity through automated pipelines. With over 10 years of experience, North Shore offers consulting and implementation services in addition to providing the industry's leading LOS solution. With version for Lenders and Brokers, North Shore is all you need to take your business to the next level.
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Company Press Release Archive 1/30/2002
|For more information, contact:|
Brain McCracken, President/CEO
North Shore Systems, LLC
|Lutheran Church Extension Fund to Install Web-Based North Shore Mortgage Origination System|
Fund provides real estate development financing to Lutheran
Church congregations nationwide
Woodland Hills, CA - North Shore Systems, LLC, a leading provider
of loan origination and processing systems for commercial real
estate lenders and mortgage bankers, announced that Lutheran
Church Extension Fund (LCEF) has contracted for a Web-based version
of North Shore's mortgage origination system.
With an annual loan origination volume of more than $180 million,
St. Louis, Missouri-based LCEF provides low-interest financing
to new and existing congregations nationwide to buy land and
build or remodel ministry facilities, including churches, schools,
day care centers and other projects.
Brian McCracken, North Shore president, said LCEF will use
the web-based system to track congregation borrower information,
forecast future loan needs, and increase loan administration
effectiveness and efficiency. In addition, LCEF's central office
will use the system for overall capital needs planning and tracking.
According to Beverly Gregory, LCEF assistant vice president,
"North Shore is providing us with a solution that combines
Web-based technology with traditional client server technology,
enabling us to use each where it works best. The web-based process
and interface is streamlined for fast and efficient field management
use while our national staff in St. Louis will benefit from the
powerful, fast client server programs. This new system devised
by North Shore replaces four existing origination and processing
systems plus it connects everyone involved in the lending
process, ultimately even including the borrower."
Headquartered in Woodland Hills, California, North Shore Systems,
LLC provides loan origination and processing systems to the commercial
real estate lending and mortgage banking industry. The technology
company's primary product enables the efficient processing of
commercial and construction loan transactions from internal or
remote origination to closure and sale or securitization. Utilizing
traditional and web-based technologies that allow all entities
involved in the loan process to interact in real time, North
Shore has helped lenders nationwide process over $10 billion
in closed real estate transactions across a wide spectrum of
lending programs and property types.