With a new marketing vice president in place, officials at software company SuperSolutions Corp. say they are ready to take their loan-portfolio management software to the next level - home-equity loans.
The technology, called Daybreak - The Big Picture, has already found takers in the consumer-finance arena with clients that lend to consumers buying motorcycles, cars and aircraft.
But as Jeff Brown takes the reins as vice president of sales and marketing, the Eden Prairie, Minn.-based company is looking to shop its software among home-equity players.
While the technology is largely the same, the HEL products being rolled out by SuperSolutions take into account the unique aspects of the sector, Brown said.
SuperSolutions is one of several companies developing technology designed to help finance companies better manage their loan portfolio from the point of origination to servicing to even collections if a loan's performance hits some turbulence. That technology in turn aides the finance company in deciding whether securitization is a suitable option.
Indeed, SuperSolutions is not alone. Boston-based Imagine Technologies Inc. last week unveiled Web-based technology that accomplishes similar feats.