A growing array of financial calculator applications have been developed for the iPhone, while technology for banking applications is being designed for all types of wireless phones. In mortgage lending, originators can access at least one loan pricing engine through their mobile phones.
Mobile Quick Pricer was launched last month by PriceMyLoan. The new offering enables originators to utilize automated underwriting and a loan pricing engine on their wireless phones with Web browsers. No software needs to be downloaded.
My Loan Calculator has been developed for the iPhone by Vertex42.com. The $1.99 application includes comparisons, projected payments and mortgage loan qualification functions. Results can be e-mailed. The application is available at the iTunes store.
AllCalc is another mortgage calculator for iPhones. The $3.99 application is also available through iTunes.
Infinity Softworks Inc. said in a March 25 statement that customer response to its FastFigures financial calculator has been “enthusiastic.” The $9.99 offering reportedly was among the top-50 paid financial applications during the first month that it was in the iTunes store.
A new mobile technology platform was announced by Mortgage Contracting Services earlier this year. The software is downloaded to portable devices with cameras such as personal digital assistants — or PDAs — and mobile phones. It enables property inspectors to upload their inspection results from the field.
Eventually, the software will be expanded to more types of service providers.
“The data automatically uploads into our MCS360 system so that all real-time information about a specific property is contained in one single application,” MCS information technology executives Andrew Rowlands said in the statement. “This is a huge differentiator — one that we will look to expand on as we further our research and development.”
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Borrowers with loans from North Dakota’s State Bank & Trust can connect to their accounts through a text messaging system developed by ClairMail Inc., an announcement earlier this year said. The secure platform utilizes the “2-way triple play” two-way mobile banking functionality.
Credit management service with a viewable summary of detailed loan information was among enhancements to CEO Mobile announced last week by Wells Fargo & Co. The upgrades also include new Treasury information reports and productivity tools.
CEO Mobile was initially offered to a select group of customers in April 2007 and expanded to all commercial customers by the end of that same year.
Late last year, Regions Financial Corp. rolled out Regions Mobile Banking. The application is downloaded to the mobile phone operating through either AT&T, Verizon Wireless, Cellular South or Alltel Wireless.
Harland Financial Solutions hopes to help financial institutions provide online services for mobile phone users with the release of Cavion Mobile Website Hosting, a May 5 news release said. Frequently requested information — such as hours of operation, branch locations and ATM locations — is provided on a branded Web site with a URL Internet address that ties to the specific institution.
