2013-10-09 01:15:30 - FOR IMMEDIATE RELEASE
LOS ANGELES, Calif., October 7, 2013 - Applied Business Software Inc. (ABS), developer of The Mortgage Office™, the leading loan servicing software solution for the tax lien lending industry, is excited to announce that Sombrero Capital has selected The Mortgage Office™ as its servicing technology to manage its growing portfolio of tax lien loans.
Prior to purchasing The Mortgage Office™, Sombrero Capital had been using Mortgage+Care, but after several years decided to replace it. “You guys just knocked our socks off! Your software is light years ahead of what we’d been using.” -- said Eric Covey, President of Sombrero Capital, after seeing a demonstration of The Mortgage Office™.
“We are pleased to add them to our growing family of tax lien
lender customers, and have no doubt The Mortgage Office™ will help them service their expanding portfolio of loans – just as it has for so many tax lien lenders in Texas, including Propel Financial Services, Gonzales Financial Holding, Inc., and Hunter-Kelsey of Texas” says A.J. Poulin, Vice President of Sales at ABS.
About Sombrero Capital
Sombrero Capital was formed in 2011 to provide specialty funding for property taxes in Texas. This unique source of capital allows for homeowners and businesses alike to allocate their available cash into their respective immediate demands. Sombrero Capital strives to provide excellent customer service and deliver quality financial solutions, while maintaining ethical underwriting criteria. All loans are originated and serviced by Sombrero Capital’s team members in the company’s main office in San Antonio, TX. For additional information, visit www.sombrerocapital.com or call 210-859-8500.
About Applied Business Software
Applied Business Software, founded in 1978 and creator of The Mortgage Office™, is a market leader and global provider of software systems and solutions to the lending industry. The Mortgage Office™ is a complete suite of software products designed from the ground up to specifically address the needs of those who originate and service loans. The Mortgage Office™ has consistently rated superior in design, system interface, expandability, and ease of use. This Windows application collaborates fully with the Microsoft Office suite of products and is designed to make loan servicing more profitable and your overall business run more efficiently. ABS is based in Long Beach, California. For additional information about ABS’s products and services, visit www.themortgageoffice.com or call (800) 833-3343.
A.J. Poulin, VP Sales
Applied Business Software, Inc.
Eric Covey, President
Sombrero Capital, LLC