St Cloud, MN, November 4, 2005 - 401kLoans, LLC today announced the availability of a new automated interface to the Schwab RT SQL recordkeeping platform. This new offering enhances the transfer of data between the 401kLoan platform and SRT SQL installed client base.
401kLoans' CEO Chuck Rau stated, "We are very pleased that we are now able to offer our full value proposition of lending compliance excellence, process control and workflow efficiency to this segment of the market. Leveraging technology to do jobs more efficiently in a fully compliant manner is our focus."
"Schwab RT's flexible, open standards-based platform lets us easily integrate our popular loan compliance and workflow software into it. This interface gives our customers who use Schwab RT software the ability to foolproof their loan processing and process loans quickly," said Scott Warzecha, CIO of 401kLoans, LLC. "Although our loan software already provides process control and a legally enforceable agreement as required by Section 72(p), the interface adds workflow efficiencies and replaces manual operations with automated ones. Stay tuned, because we're releasing more interfaces to other platform providers and delivering our software to an even wider service provider market."
401kLoans offers a complete, on-line experience for the participant, as well as the service provider. E-commerce best practices are paired with electronic signature capability to take the industry beyond paperless loans, to the virtual loan. Loan application, review, and closing are all completed on-line, while providing the applicant with the important disclosures and documents required by federal and state law.