History of Metavante Lending Solutions

The evolution of Metavante Lending Solutions (formerly GHR Systems) began in 1984 on the campus of the University of Pennsylvania. At the outset the company was a partnership between Jack Guttentag and Gerry Hurst, both professors at The Wharton School of the University of Pennsylvania. The two officially incorporated the company as GH Software, Inc. on January 3, 1985. In late 1987, Guttentag and Hurst sought the services of Allan Redstone, a graduate student at The Wharton School. Redstone agreed to come on board while he completed his MBA at Wharton and not long after, GH Software became GHR Systems. Initially Metavante Lending Solutions focused on making mortgage origination easier for consumers by supplying the necessary technology so lenders could provide borrowers with better information. From its inception, Metavante Lending Solutions has evolved into a multi-faceted lending automation solutions company and serves over 70 mortgage, consumer and business clients across North America.

Major Milestones

Guttentag and Hurst developed mortgage prototype software – 1984
(Guttentag and Hurst had the vision of creating software that would provide better information to consumers during mortgage transactions)

Guttentag and Hurst incorporated company one year later – 1985
(Continued to refine mortgage pricing and qualification information)

Redstone joined – 1987
(Created first working code, which was the backbone of the Lending Solutions product set)

MARS Point-of-Sale and Back Office ready for market – 1989
(Introduced first version of product offering, called Mortgage Analysis and Reporting System (MARS))

Clearinghouse created – 1991
(The clearinghouse allows lenders to expand their distribution capabilities and automated the transfer of loan applications across lender sales channels)

MARS (Mortgage Analysis Reporting System) Independent Network available – 1994
(This software was created as a single program that handled loan pricing and decisioning at the point of sale, as well as back office processing)

Cy Brinn joins GHR – 1998
(Cy Brinn hired to architect and execute business expansion plan)

Ultraprise acquisition – 2002
(GHR acquired the assets of Ultraprise to add Secondary Marketing capabilities to the mortgage automation platform)

Creditwave acquisition – 2002
(Lending Solutions expands into the consumer and business lending marketplace with the acquisition of Creditwave)

Loansoft acquisition – 2003
(GHR acquires Loansoft to expand its mortgage product suite to include processing and closing capabilities – The Loansoft acquisition also provides superior retail loan officer origination tools)

Automated Workflow-based LOS (Loan Origination Studio) released - 2004
(GHR adds automated workflow engine and work queue management to its on-line loan origination system)

Metavante acquires GHR Systems - 2005
(GHR joins the Metavante family of companies providing consumer financing and residential mortgage automation solutions as part of the Financial Solutions Group)