BearingPoint, EMC Roll Out Solutions
BearingPoint Inc. and EMC Corp. are collaborating on a solution for the paper-intensive mortgage loan origination process.
The companies’ Mortgage Loan Origination offering combines EMC Documentum’s enterprise content management software with BearingPoint’s background in leasing/lending business processes.
The solution, announced this week, is slated for availability in the first quarter of 2006.
Derrell James, senior vice president of technology solutions at EMC, said his company will seek to replicate BearingPoint-like arrangements with other integrators in the future.
“We are looking for business processes that are very paper-intensive or very manual in structure or nature that have large content store requirements,” he said.
To cultivate those areas, EMC plans to work with its integration partners to “create a joint go-to-market offer.”
James said Documentum, which EMC acquired in late 2003, has made it easier for the company to partner with integrators. Documentum “is more of a product that is targeted at unstructured data and a product frequently targeted a business applications and business processes,” he said.
The BearingPoint-EMC mortgage loan solution is intended to address such issues as loan application time and cost reduction and the risk management associated with integrating different loan acceptance processes, according to a BearingPoint spokeswoman.
The ability to close mortgage loans quickly is central to the success of financial institutions, she noted.
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In addition to the loan offering, EMC and BearingPoint unveiled a Framework Integration Services solution that integrates storage alert monitoring and incident management into systems and network management software.
The integration framework includes Computer Associates International’s Unicenter, EMC/BMC Patrol Storage Manager, Hewlett-Packard Co.’s OpenView, IBM’s Tivoli NetView and Micromuse NetCool/OMNIbus.
The framework is available immediately and James said the companies have already worked on a number of customer engagements.
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